Great Plains Energy (GXP) Announces Quarterly Earnings Results, Misses Expectations By $0.07 EPS
Great Plains Energy (NYSE:GXP) issued its quarterly earnings data on Thursday. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.07, StockRatingsNetwork reports. The company had revenue of $648.40 million for the quarter, compared to the consensus estimate of $613.43 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Great Plains Energy updated its FY14 guidance to $1.60-1.75 EPS.
Shares of Great Plains Energy (NYSE:GXP) traded up 1.24% on Thursday, hitting $24.58. 1,101,029 shares of the company’s stock traded hands. Great Plains Energy has a one year low of $21.46 and a one year high of $27.52. The stock’s 50-day moving average is $25.88 and its 200-day moving average is $25.8. The company has a market cap of $3.779 billion and a price-to-earnings ratio of 15.18.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Tuesday, August 26th.
GXP has been the subject of a number of recent research reports. Analysts at SunTrust reiterated a “neutral” rating on shares of Great Plains Energy in a research note on Monday. They now have a $26.00 price target on the stock, down previously from $27.00. Analysts at Ladenburg Thalmann downgraded shares of Great Plains Energy from a “buy” rating to a “neutral” rating in a research note on Monday, May 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Great Plains Energy has an average rating of “Hold” and an average target price of $28.00.
Great Plains Energy Incorporated (NYSE:GXP) is a public utility holding company.
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