UIL Holdings Co. (UIL) Issues FY14 Earnings Guidance
UIL Holdings Co. (NYSE:UIL) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.15-2.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.28, AnalystRatings.Net reports.
UIL Holdings Co. (NYSE:UIL) traded down 0.29% during mid-day trading on Wednesday, hitting $34.75. The stock had a trading volume of 360,333 shares. UIL Holdings Co. has a 52 week low of $34.37 and a 52 week high of $40.89. The stock has a 50-day moving average of $37.03 and a 200-day moving average of $37.02. The company has a market cap of $1.973 billion and a P/E ratio of 15.93.
UIL Holdings (NYSE:UIL) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.33 by $0.08. The company had revenue of $334.79 million for the quarter, compared to the consensus estimate of $331.42 million. UIL Holdings’s revenue was up 4.9% compared to the same quarter last year. On average, analysts predict that UIL Holdings Co. will post $2.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be paid a dividend of $0.432 per share. This represents a $1.73 annualized dividend and a dividend yield of 4.97%.
UIL Holdings Corporation is engaged in the ownership of its operating regulated utility businesses. The utility businesses consist of the electric distribution and transmission operations of The United Illuminating Company (NYSE:UIL) and the natural gas transportation, distribution and sales operations of The Southern Connecticut Gas Company (SCG), Connecticut Natural Gas Corporation (CNG), and The Berkshire Gas Company (Berkshire, and together with SCG and CNG, the Gas Companies).
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