Scana Corporation (SCG) Updates FY17 Earnings Guidance
Scana Corporation (NYSE:SCG) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $4.15-4.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.24.
SCG has been the subject of a number of research reports. Guggenheim initiated coverage on Scana Corporation in a report on Thursday, November 3rd. They set a buy rating and a $78.00 price objective for the company. Mizuho decreased their price objective on Scana Corporation from $84.00 to $80.00 and set a buy rating for the company in a report on Friday, October 28th. Zacks Investment Research raised Scana Corporation from a sell rating to a buy rating and set a $78.00 price target for the company in a research report on Thursday, February 9th. Finally, Macquarie cut Scana Corporation from an outperform rating to a neutral rating and set a $75.00 price target for the company. in a research report on Tuesday, January 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $71.79.
Shares of Scana Corporation (NYSE:SCG) opened at 67.32 on Friday. The company’s 50-day moving average price is $70.35 and its 200 day moving average price is $71.44. Scana Corporation has a 12-month low of $62.85 and a 12-month high of $76.41. The firm has a market capitalization of $9.62 billion, a PE ratio of 16.91 and a beta of 0.21.
Scana Corporation (NYSE:SCG) last issued its quarterly earnings data on Thursday, February 16th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by $0.05. Scana Corporation had a return on equity of 10.71% and a net margin of 13.77%. During the same period in the prior year, the business earned $0.69 EPS. On average, equities analysts forecast that Scana Corporation will post $4.11 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 1st. Stockholders of record on Friday, March 10th will be issued a $0.6125 dividend. This is a positive change from Scana Corporation’s previous quarterly dividend of $0.58. This represents a $2.45 annualized dividend and a dividend yield of 3.64%. Scana Corporation’s dividend payout ratio is currently 57.79%.
This report was first posted by Daily Political and is owned by of Daily Political. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright laws. The legal version of this report can be read at http://www.dailypolitical.com/2017/02/16/scana-corporation-scg-updates-fy17-earnings-guidance.html.
About Scana Corporation
SCANA Corporation is a holding company. The Company, through its subsidiaries, is engaged in generation, transmission, distribution and sale of electricity, and the purchase, sale and transportation of natural gas in North Carolina and South Carolina. It operates through segments, including Electric Operations, Gas Distribution, Retail Gas Marketing, Energy Marketing and All Other.
Receive News & Ratings for Scana Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scana Corporation and related companies with MarketBeat.com's FREE daily email newsletter.