Westar Energy (WR) Set to Announce Earnings on Wednesday
Westar Energy (NYSE:WR) is set to post its Q214 quarterly earnings results on Wednesday, August 6th. Analysts expect Westar Energy to post earnings of $0.51 per share and revenue of $597.58 million for the quarter. Westar Energy has set its FY14 guidance at $2.30-2.45 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.
Westar Energy (NYSE:WR) last released its earnings data on Wednesday, May 7th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.06. The company had revenue of $628.55 million for the quarter, compared to the consensus estimate of $582.77 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, analysts expect Westar Energy to post $2.38 EPS for the current fiscal year and $2.38 EPS for the next fiscal year.
Westar Energy (NYSE:WR) opened at 35.85 on Tuesday. Westar Energy has a 52-week low of $29.79 and a 52-week high of $38.24. The stock’s 50-day moving average is $36.99 and its 200-day moving average is $35.30. The company has a market cap of $4.621 billion and a P/E ratio of 15.18.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Westar Energy in a research note on Wednesday, July 23rd. They now have a $41.00 price target on the stock, up previously from $37.00. On a related note, analysts at Zacks upgraded shares of Westar Energy from a “neutral” rating to an “outperform” rating in a research note on Monday, July 14th. They now have a $39.50 price target on the stock. Finally, analysts at Argus raised their price target on shares of Westar Energy from $41.00 to $43.00 in a research note on Thursday, July 3rd. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $37.75.
Westar Energy, Inc (NYSE:WR) provides electric generation, transmission and distribution services to approximately 690,000 customers in Kansas.
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