Laclede Group (LG) Posts Quarterly Results
Laclede Group (NYSE:LG) announced its earnings results on Thursday. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.08, Analyst RN reports. The company had revenue of $241.80 million for the quarter, compared to the consensus estimate of $310.20 million. During the same quarter in the previous year, the company posted $0.36 earnings per share.
Laclede Group (NYSE:LG) traded up 1.63% on Thursday, hitting $46.15. The stock had a trading volume of 82,443 shares. Laclede Group has a one year low of $42.84 and a one year high of $48.99. The stock has a 50-day moving average of $47.88 and a 200-day moving average of $46.52. The company has a market cap of $1.513 billion and a price-to-earnings ratio of 16.71.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Tuesday, September 9th.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Laclede Group from a “neutral” rating to an “outperform” rating in a research note on Monday, July 7th. They now have a $50.00 price target on the stock. Analysts at Hilliard Lyons upgraded shares of Laclede Group from a “neutral” rating to a “buy” rating in a research note on Monday, June 16th.
The Laclede Group, Inc (NYSE:LG) is a utility holding company.
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