Westar Energy (WR) Announces Quarterly Earnings Results, Misses Expectations By $0.16 EPS
Westar Energy (NYSE:WR) announced its quarterly earnings data on Tuesday. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.16), Bloomberg Earnings reports. The business had revenue of $595.00 million during the quarter, compared to analysts’ expectations of $642.02 million. Westar Energy had a return on equity of 8.94% and a net margin of 13.32%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share.
Westar Energy (NYSE WR) traded down $0.72 on Wednesday, hitting $48.93. The stock had a trading volume of 422,908 shares, compared to its average volume of 654,635. Westar Energy has a 52 week low of $47.06 and a 52 week high of $57.32. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.07 and a quick ratio of 0.65. The stock has a market cap of $7,205.60, a P/E ratio of 21.04, a PEG ratio of 5.94 and a beta of 0.35.
Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Westar Energy from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Sunday, January 21st. UBS Group assumed coverage on Westar Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $55.00 price objective for the company. Bank of America assumed coverage on Westar Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $57.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their price objective on Westar Energy from $62.00 to $56.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Westar Energy presently has a consensus rating of “Buy” and a consensus price target of $55.50.
WARNING: “Westar Energy (WR) Announces Quarterly Earnings Results, Misses Expectations By $0.16 EPS” was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://theolympiareport.com/2018/02/21/westar-energy-wr-announces-quarterly-earnings-results-misses-expectations-by-0-16-eps.html.
Westar Energy, Inc is an electric utility. The Company provides electric generation, transmission and distribution services. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Its subsidiary, Kansas Gas and Electric Company (KGE), provides these services in south-central and southeastern Kansas, including the city of Wichita.
Receive News & Ratings for Westar Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westar Energy and related companies with MarketBeat.com's FREE daily email newsletter.