Westar Energy, Inc. (WR) Set to Announce Quarterly Earnings on Monday
Westar Energy, Inc. (NYSE:WR) will announce its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $1.20 per share for the quarter.
Westar Energy (NYSE:WR) last released its quarterly earnings results on Tuesday, August 8th. The utilities provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.06). The business had revenue of $609.32 million for the quarter, compared to the consensus estimate of $633.96 million. Westar Energy had a net margin of 13.33% and a return on equity of 8.87%. During the same period in the previous year, the company earned $0.51 EPS. On average, analysts expect Westar Energy to post $2.49 EPS for the current fiscal year and $2.51 EPS for the next fiscal year.
Westar Energy, Inc. (NYSE:WR) traded down 0.19% on Monday, reaching $52.89. The company’s stock had a trading volume of 172,629 shares. The company has a market capitalization of $7.52 billion, a PE ratio of 22.22 and a beta of 0.39. Westar Energy, Inc. has a one year low of $49.20 and a one year high of $57.50. The firm has a 50-day moving average of $50.93 and a 200-day moving average of $51.85.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.02%. The ex-dividend date was Thursday, September 7th. Westar Energy’s payout ratio is currently 67.23%.
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WR has been the subject of several research analyst reports. Evercore ISI raised shares of Westar Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $49.00 to $53.00 in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Westar Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. BidaskClub downgraded shares of Westar Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. J P Morgan Chase & Co set a $58.00 price target on shares of Westar Energy and gave the company a “buy” rating in a research note on Thursday, October 12th. Finally, Wolfe Research initiated coverage on shares of Westar Energy in a research note on Wednesday, July 26th. They set an “outperform” rating for the company. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $55.33.
In related news, CFO Anthony D. Somma sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $51.21, for a total value of $204,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bruce A. Akin sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $51.50, for a total transaction of $257,500.00. The disclosure for this sale can be found here. Insiders sold 31,500 shares of company stock valued at $1,611,715 in the last three months. 0.70% of the stock is currently owned by insiders.
About Westar Energy
Westar Energy, Inc is an electric utility. The Company provides electric generation, transmission and distribution services. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Its subsidiary, Kansas Gas and Electric Company (KGE), provides these services in south-central and southeastern Kansas, including the city of Wichita.
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