Zacks: Brokerages Expect SCANA Co. (SCG) Will Announce Earnings of $0.98 Per Share

Wall Street analysts expect SCANA Co. (NYSE:SCG) to report earnings of $0.98 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for SCANA’s earnings, with the lowest EPS estimate coming in at $0.92 and the highest estimate coming in at $1.03. SCANA posted earnings per share of $0.87 in the same quarter last year, which would indicate a positive year over year growth rate of 12.6%. The company is expected to announce its next quarterly earnings report on Thursday, February 15th.

On average, analysts expect that SCANA will report full year earnings of $4.17 per share for the current fiscal year, with EPS estimates ranging from $4.05 to $4.25. For the next financial year, analysts expect that the company will post earnings of $3.12 per share, with EPS estimates ranging from $2.44 to $3.80. Zacks’ EPS calculations are an average based on a survey of research firms that follow SCANA.

SCANA (NYSE:SCG) last posted its earnings results on Thursday, October 26th. The utilities provider reported $1.16 EPS for the quarter, missing the Zacks’ consensus estimate of $1.17 by ($0.01). SCANA had a net margin of 10.45% and a return on equity of 10.05%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business earned $1.32 earnings per share. SCANA’s revenue was down 1.6% on a year-over-year basis.

SCG has been the topic of a number of analyst reports. Williams Capital dropped their target price on SCANA from $70.00 to $50.00 and set a “hold” rating on the stock in a research report on Wednesday, September 27th. Wells Fargo & Co cut SCANA from an “outperform” rating to a “market perform” rating and set a $51.00 target price on the stock. in a research report on Friday, January 5th. Zacks Investment Research upgraded SCANA from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Bank of America initiated coverage on SCANA in a research report on Tuesday, October 24th. They set a “neutral” rating and a $49.00 target price on the stock. Finally, Mizuho restated a “hold” rating and set a $46.50 target price on shares of SCANA in a research report on Thursday, January 11th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $58.94.

Shares of SCANA (NYSE:SCG) opened at $43.35 on Friday. SCANA has a 12-month low of $37.10 and a 12-month high of $71.35. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.77 and a current ratio of 0.88. The company has a market capitalization of $6,069.68, a PE ratio of 13.76, a PEG ratio of 3.89 and a beta of 0.20.

The business also recently declared a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Tuesday, December 12th were paid a $0.6125 dividend. This represents a $2.45 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date of this dividend was Monday, December 11th. SCANA’s dividend payout ratio is presently 77.78%.

Institutional investors have recently modified their holdings of the stock. Willingdon Wealth Management purchased a new position in SCANA in the 3rd quarter valued at about $112,000. WFG Advisors LP lifted its stake in SCANA by 60.6% in the 2nd 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 in the last quarter. Amica Retiree Medical Trust lifted its stake in SCANA by 219.1% in the 3rd quarter. Amica Retiree Medical Trust now owns 2,693 shares of the utilities provider’s stock valued at $131,000 after buying an additional 1,849 shares in the last quarter. BB&T Investment Services Inc. purchased a new position in SCANA in the 2nd quarter valued at about $195,000. Finally, Gofen & Glossberg LLC IL purchased a new position in SCANA in the 2nd quarter valued at about $201,000. 66.51% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: “Zacks: Brokerages Expect SCANA Co. (SCG) Will Announce Earnings of $0.98 Per Share” was first published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2018/01/21/zacks-brokerages-expect-scana-co-scg-will-announce-earnings-of-0-98-per-share.html.

SCANA 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.

Get a free copy of the Zacks research report on SCANA (SCG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for SCANA (NYSE:SCG)

Receive News & Ratings for SCANA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SCANA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply