Great Plains Energy Inc (GXP) Set to Announce Quarterly Earnings on Wednesday
Great Plains Energy Inc (NYSE:GXP) will announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $1.00 per share for the quarter.
Great Plains Energy (NYSE:GXP) last issued its quarterly earnings results on Wednesday, August 9th. The utilities provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The company had revenue of $682.60 million during the quarter, compared to analyst estimates of $677.00 million. Great Plains Energy had a net margin of 8.00% and a return on equity of 5.62%. During the same period in the prior year, the business earned $0.55 EPS. On average, analysts expect Great Plains Energy to post $1.76 EPS for the current fiscal year and $1.83 EPS for the next fiscal year.
Shares of Great Plains Energy Inc (NYSE:GXP) opened at 32.01 on Wednesday. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of 37.97 and a beta of 0.44. Great Plains Energy Inc has a one year low of $25.85 and a one year high of $32.25. The company has a 50 day moving average of $31.02 and a 200-day moving average of $30.09.
In other Great Plains Energy news, VP Lori A. Wright sold 7,668 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $30.54, for a total value of $234,180.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin E. Bryant sold 9,853 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $30.64, for a total transaction of $301,895.92. Following the completion of the transaction, the chief financial officer now owns 38,003 shares of the company’s stock, valued at $1,164,411.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,391 shares of company stock valued at $838,626. Corporate insiders own 0.41% of the company’s stock.
Several equities analysts recently commented on GXP shares. Zacks Investment Research downgraded shares of Great Plains Energy from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co set a $35.00 price objective on shares of Great Plains Energy and gave the company a “buy” rating in a research note on Thursday, October 12th. KeyCorp reissued a “hold” rating on shares of Great Plains Energy in a research note on Friday, September 1st. BidaskClub raised shares of Great Plains Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Finally, Wells Fargo & Company raised shares of Great Plains Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.88.
Great Plains Energy Company Profile
Great Plains Energy Incorporated (Great Plains Energy) is a utility holding company. The Company operates through electric utility segment. The Company’s subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO). KCP&L is an integrated, regulated electric utility that provides electricity to customers primarily in the states of Missouri and Kansas.
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