Xcel Energy (XEL) Updates FY18 Earnings Guidance
Xcel Energy (NYSE:XEL) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.37-2.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.43.
Shares of XEL traded up $0.62 during trading hours on Friday, hitting $47.10. 3,352,543 shares of the stock were exchanged, compared to its average volume of 3,690,372. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27. Xcel Energy has a 12-month low of $41.51 and a 12-month high of $52.22.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, April 26th. The utilities provider reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.06. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share. equities analysts anticipate that Xcel Energy will post 2.44 earnings per share for the current fiscal year.
Several analysts have issued reports on the company. JPMorgan Chase upped their target price on Xcel Energy from $46.00 to $48.00 and gave the company an overweight rating in a report on Wednesday, March 28th. SunTrust Banks set a $43.00 target price on Xcel Energy and gave the company a hold rating in a report on Monday, February 12th. Royal Bank of Canada restated a hold rating and issued a $49.00 target price on shares of Xcel Energy in a report on Thursday, February 1st. Bank of America dropped their target price on Xcel Energy from $49.00 to $47.00 and set a buy rating for the company in a report on Thursday, February 8th. Finally, UBS assumed coverage on Xcel Energy in a report on Friday, February 2nd. They issued a neutral rating and a $47.00 target price for the company. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $47.83.
About Xcel Energy
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
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