Vectren (VVC) Releases FY18 Earnings Guidance

Vectren (NYSE:VVC) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.80-2.90 for the period, compared to the Thomson Reuters consensus estimate of $2.85.

Several research analysts have commented on the stock. ValuEngine cut shares of Vectren from a buy rating to a hold rating in a report on Friday, December 1st. Wells Fargo & Co set a $58.00 price target on shares of Vectren and gave the stock a hold rating in a report on Tuesday, February 13th. Guggenheim cut shares of Vectren from a buy rating to a neutral rating in a report on Tuesday, January 2nd. Finally, Citigroup boosted their price target on shares of Vectren from $66.00 to $75.00 and gave the stock a buy rating in a report on Monday, November 20th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $66.00.

Shares of Vectren (VVC) traded down $0.40 during trading on Tuesday, hitting $62.57. 434,139 shares of the stock traded hands, compared to its average volume of 526,986. Vectren has a fifty-two week low of $54.08 and a fifty-two week high of $69.86. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.55 and a current ratio of 0.70. The firm has a market cap of $5,226.66, a PE ratio of 23.15, a price-to-earnings-growth ratio of 3.68 and a beta of 0.69.

Vectren (NYSE:VVC) last issued its earnings results on Tuesday, February 20th. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.02). Vectren had a net margin of 8.49% and a return on equity of 12.51%. The company had revenue of $711.00 million during the quarter, compared to analyst estimates of $620.00 million. During the same quarter in the previous year, the company posted $0.84 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. analysts expect that Vectren will post 2.62 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Wednesday, February 14th. Vectren’s payout ratio is 66.42%.

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About Vectren

Vectren Corporation (Vectren) is an energy holding company. The Company segregates its operations into groups, including the Utility Group, the Nonutility Group, and Corporate and Other. The Company’s subsidiary, Vectren Utility Holdings, Inc (Utility Holdings or VUHI), serves as the intermediate holding company for three public utilities: Indiana Gas Company, Inc (Indiana Gas), Southern Indiana Gas and Electric Company (SIGECO) and Vectren Energy Delivery of Ohio, Inc (VEDO).

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