$1.13 EPS Expected for Scana Corporation (SCG) This Quarter
Equities research analysts forecast that Scana Corporation (NYSE:SCG) will report earnings per share (EPS) of $1.13 for the current quarter, according to Zacks. Zero analysts have provided estimates for Scana Corporation’s earnings. The lowest EPS estimate is $1.03 and the highest is $1.20. Scana Corporation posted earnings of $1.32 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 14.4%. The business is scheduled to announce its next quarterly earnings results before the market opens on Thursday, October 26th.
On average, analysts expect that Scana Corporation will report full year earnings of $4.22 per share for the current year, with EPS estimates ranging from $4.15 to $4.25. For the next year, analysts expect that the business will report earnings of $3.72 per share, with EPS estimates ranging from $2.85 to $4.35. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Scana Corporation.
Scana Corporation (NYSE:SCG) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $931.67 million. Scana Corporation had a return on equity of 10.50% and a net margin of 13.99%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $0.74 EPS.
A number of brokerages recently commented on SCG. BidaskClub raised Scana Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Gabelli lowered Scana Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research upgraded Scana Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Williams Capital cut Scana Corporation from a “buy” rating to a “hold” rating and reduced their price objective for the company from $80.00 to $70.00 in a research note on Monday, September 18th. Finally, Goldman Sachs Group, Inc. (The) raised Scana Corporation from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $66.00 to $64.00 in a research note on Thursday, July 20th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $68.06.
Scana Corporation (SCG) opened at 48.55 on Wednesday. Scana Corporation has a 12-month low of $47.96 and a 12-month high of $74.99. The company has a market capitalization of $6.94 billion, a P/E ratio of 11.46 and a beta of 0.23. The company’s 50 day moving average price is $58.01 and its 200-day moving average price is $64.18.
The business also recently declared a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Monday, September 11th were paid a dividend of $0.6125 per share. The ex-dividend date of this dividend was Friday, September 8th. This represents a $2.45 dividend on an annualized basis and a yield of 5.05%. Scana Corporation’s dividend payout ratio (DPR) is currently 57.92%.
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Several hedge funds have recently bought and sold shares of the company. WFG Advisors LP boosted its position in shares of Scana Corporation by 60.6% during the second quarter. WFG Advisors LP now owns 1,747 shares of the utilities provider’s stock valued at $117,000 after buying an additional 659 shares during the last quarter. Jolley Asset Management LLC grew its holdings in Scana Corporation by 25.1% during the second quarter. Jolley Asset Management LLC now owns 1,995 shares of the utilities provider’s stock worth $134,000 after buying an additional 400 shares in the last quarter. Parallel Advisors LLC grew its holdings in Scana Corporation by 0.6% during the first quarter. Parallel Advisors LLC now owns 2,235 shares of the utilities provider’s stock worth $145,000 after buying an additional 13 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Scana Corporation by 3.3% during the first quarter. Pacer Advisors Inc. now owns 2,438 shares of the utilities provider’s stock worth $159,000 after buying an additional 77 shares in the last quarter. Finally, Fiduciary Trust Co. bought a new stake in Scana Corporation during the second quarter worth $164,000. Institutional investors own 66.66% of the company’s stock.
Scana Corporation Company Profile
SCANA Corporation is a holding company. The Company, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina. The Company operates through segments, including Electric Operations, Gas Distribution, Gas Marketing and All Other. The Company is engaged in the purchase, transmission and sale of natural gas in North Carolina and South Carolina.
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