$0.85 Earnings Per Share Expected for Alliant Energy Co. (LNT) This Quarter
Brokerages forecast that Alliant Energy Co. (NYSE:LNT) will report earnings of $0.85 per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Alliant Energy’s earnings. The lowest EPS estimate is $0.83 and the highest is $0.87. Alliant Energy reported earnings of $0.75 per share in the same quarter last year, which indicates a positive year over year growth rate of 13.3%. The firm is scheduled to announce its next quarterly earnings results on Thursday, November 1st.
On average, analysts expect that Alliant Energy will report full-year earnings of $2.13 per share for the current fiscal year, with EPS estimates ranging from $2.12 to $2.15. For the next year, analysts forecast that the business will report earnings of $2.24 per share, with EPS estimates ranging from $2.22 to $2.26. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Alliant Energy.
Alliant Energy (NYSE:LNT) last posted its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.02). The company had revenue of $816.10 million during the quarter, compared to the consensus estimate of $789.73 million. Alliant Energy had a net margin of 14.14% and a return on equity of 11.35%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share.
Shares of LNT traded down $0.16 during mid-day trading on Friday, reaching $42.46. The company’s stock had a trading volume of 1,607,300 shares, compared to its average volume of 1,624,730. Alliant Energy has a 1-year low of $36.84 and a 1-year high of $45.55. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 3.63 and a beta of 0.23. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 1.18.
In other news, Director Deborah B. Dunie purchased 1,250 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was acquired at an average cost of $43.80 per share, with a total value of $54,750.00. Following the acquisition, the director now owns 12,300 shares in the company, valued at approximately $538,740. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.25% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. First Interstate Bank acquired a new stake in Alliant Energy during the 2nd quarter worth approximately $110,000. Piedmont Investment Advisors LLC acquired a new stake in Alliant Energy during the 2nd quarter worth approximately $115,000. BerganKDV Wealth Management LLC acquired a new stake in Alliant Energy during the 2nd quarter worth approximately $150,000. Cerebellum GP LLC acquired a new stake in Alliant Energy during the 3rd quarter worth approximately $178,000. Finally, First Heartland Consultants Inc. acquired a new stake in Alliant Energy during the 2nd quarter worth approximately $200,000. 70.94% of the stock is owned by institutional investors and hedge funds.
About Alliant Energy
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.
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