Scana Corporation (SCG) Issues FY17 Earnings Guidance

Scana Corporation (NYSE:SCG) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of $4.15-4.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.21.

Shares of Scana Corporation (NYSE:SCG) opened at 60.83 on Friday. The firm’s 50-day moving average is $64.08 and its 200-day moving average is $66.68. Scana Corporation has a 12-month low of $60.00 and a 12-month high of $75.92. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of 14.36 and a beta of 0.25.

Scana Corporation (NYSE:SCG) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. Scana Corporation had a return on equity of 10.50% and a net margin of 13.99%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $931.67 million. During the same quarter in the prior year, the company earned $0.74 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. On average, equities analysts predict that Scana Corporation will post $4.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Monday, September 11th will be given a dividend of $0.6125 per share. This represents a $2.45 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Friday, September 8th. Scana Corporation’s payout ratio is currently 57.68%.

A number of equities research analysts recently weighed in on the company. Mizuho reaffirmed an underperform rating and set a $59.50 price objective (up previously from $57.00) on shares of Scana Corporation in a research report on Tuesday, August 1st. BidaskClub downgraded Scana Corporation from a buy rating to a hold rating in a research report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) upgraded Scana Corporation from a sell rating to a neutral rating and decreased their price target for the company from $66.00 to $64.00 in a research note on Thursday, July 20th. Gabelli cut Scana Corporation from a buy rating to a hold rating in a research note on Friday, July 28th. Finally, Barclays PLC upgraded Scana Corporation from an equal weight rating to an overweight rating and increased their price target for the company from $65.00 to $73.00 in a research note on Tuesday, August 1st. Five analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Scana Corporation presently has a consensus rating of Hold and a consensus target price of $70.44.

COPYRIGHT VIOLATION WARNING: “Scana Corporation (SCG) Issues FY17 Earnings Guidance” was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.com-unik.info/2017/08/19/scana-corporation-scg-updates-fy17-earnings-guidance-updated-updated.html.

Scana Corporation 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.

Earnings History and Estimates for Scana Corporation (NYSE:SCG)

What are top analysts saying about Scana Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Scana Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit