Dominion Energy Inc. (D) Scheduled to Post Quarterly Earnings on Monday
Dominion Energy Inc. (NYSE:D) is scheduled to be announcing its earnings results before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $1.08 per share for the quarter. Dominion Energy has set its Q3 guidance at $0.95-1.15 EPS and its FY17 guidance at $3.40-3.90 EPS.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 EPS. On average, analysts expect Dominion Energy to post $3.61 EPS for the current fiscal year and $4.04 EPS for the next fiscal year.
Dominion Energy Inc. (NYSE D) opened at 80.00 on Monday. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $81.65. The stock’s 50 day moving average price is $78.07 and its 200-day moving average price is $78.17. The firm has a market cap of $51.41 billion, a price-to-earnings ratio of 23.15 and a beta of 0.28.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be given a $0.77 dividend. The ex-dividend date is Thursday, November 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.85%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s payout ratio is currently 87.28%.
A number of analysts recently issued reports on D shares. Zacks Investment Research raised Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Deutsche Bank AG lifted their target price on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $78.00 target price on shares of Dominion Energy in a research report on Thursday, September 14th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $77.00 target price on shares of Dominion Energy in a research report on Monday, August 21st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a research report on Friday. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Dominion Energy has a consensus rating of “Hold” and a consensus price target of $80.78.
About Dominion Energy
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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