WGL Holdings (WGL) Releases Quarterly Earnings, Beats Expectations By $0.09 EPS
WGL Holdings (NYSE:WGL) issued its quarterly earnings data on Wednesday. The company reported $0.02 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.07) by $0.09, Analyst RN reports. The company had revenue of $467.50 million for the quarter, compared to the consensus estimate of $492.62 million. During the same quarter last year, the company posted ($0.03) earnings per share. WGL Holdings’s revenue was down 2.2% compared to the same quarter last year. WGL Holdings updated its FY14 guidance to $2.55-2.75 EPS.
WGL has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of WGL Holdings from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $45.30 price target on the stock. Finally, analysts at TheStreet upgraded shares of WGL Holdings from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. WGL Holdings currently has a consensus rating of “Hold” and a consensus price target of $45.10.
Shares of WGL Holdings (NYSE:WGL) traded down 0.24% on Wednesday, hitting $38.18. 227,683 shares of the company’s stock traded hands. WGL Holdings has a 52 week low of $35.35 and a 52 week high of $46.15. The stock’s 50-day moving average is $41.18 and its 200-day moving average is $39.69. The company has a market cap of $1.982 billion and a P/E ratio of 109.03.
WGL Holdings, Inc (NYSE:WGL) is a holding company.
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