Vectren (NYSE:VVC) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share guidance of $2.80-2.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.88. Vectren also updated its FY 2018 guidance to $2.80-2.90 EPS.
Shares of Vectren stock traded up $0.12 during trading hours on Wednesday, reaching $71.75. The company’s stock had a trading volume of 50,793 shares, compared to its average volume of 710,546. Vectren has a one year low of $58.00 and a one year high of $71.74. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 1.04. The company has a market cap of $5.94 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 3.58 and a beta of 0.38.
Vectren (NYSE:VVC) last posted its earnings results on Monday, November 5th. The utilities provider reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.13). Vectren had a return on equity of 12.33% and a net margin of 7.72%. The business had revenue of $665.00 million during the quarter, compared to the consensus estimate of $707.00 million. During the same quarter last year, the firm earned $0.75 earnings per share. The business’s quarterly revenue was down 3.8% on a year-over-year basis. As a group, sell-side analysts expect that Vectren will post 2.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, November 14th. This is an increase from Vectren’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.68%. Vectren’s payout ratio is 69.23%.
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Vectren Corporation provides energy delivery services to residential, commercial, and industrial and other contract customers. The company offers natural gas distribution and transportation services, and electric transmission and distribution services; and owns and operates coal-fired, natural gas or oil-fired, and landfill gas electric generating facilities with an installed generating capacity of 1,248 megawatts.
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