Dynegy (DYN) Posts Quarterly Earnings Results, Misses Expectations By $1.14 EPS
Dynegy (NYSE:DYN) issued its quarterly earnings data on Wednesday. The company reported ($1.23) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.09) by $1.14, AmericanBankingNews.com reports. The company had revenue of $521.00 million for the quarter, compared to the consensus estimate of $572.58 million. During the same quarter in the prior year, the company posted ($1.45) earnings per share. The company’s quarterly revenue was up 73.1% on a year-over-year basis.
A number of research firms have recently commented on DYN. Analysts at Goldman Sachs upgraded shares of Dynegy from a “neutral” rating to a “buy” rating in a research note on Monday, July 28th. They now have a $35.00 price target on the stock, up previously from $31.00. On a related note, analysts at Macquarie cut their price target on shares of Dynegy from $35.00 to $30.00 in a research note on Monday, July 21st. They now have a “neutral” rating on the stock. Finally, analysts at ISI Group downgraded shares of Dynegy from a “strong-buy” rating to a “neutral” rating in a research note on Monday, July 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $29.06.
Shares of Dynegy (NYSE:DYN) traded down 2.17% on Wednesday, hitting $26.59. 1,627,409 shares of the company’s stock traded hands. Dynegy has a 52-week low of $18.11 and a 52-week high of $36.57. The stock’s 50-day moving average is $31.07 and its 200-day moving average is $27.63. The company’s market cap is $2.668 billion.
Dynegy Inc (NYSE:DYN) is a holding company and conducts the business operations through its subsidiaries.
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