WGL Holdings Inc (WGL) Releases FY17 Earnings Guidance
WGL Holdings Inc (NYSE:WGL) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.10-3.30 for the period, compared to the Thomson Reuters consensus estimate of $3.23.
Shares of WGL Holdings Inc (WGL) traded up 0.15% during mid-day trading on Friday, reaching $85.69. 153,068 shares of the company traded hands. WGL Holdings Inc has a 52-week low of $58.66 and a 52-week high of $86.89. The company has a market capitalization of $4.39 billion, a P/E ratio of 24.41 and a beta of 0.67. The firm’s 50 day moving average price is $84.10 and its 200-day moving average price is $82.84.
WGL Holdings (NYSE:WGL) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $474.36 million during the quarter, compared to analysts’ expectations of $477.01 million. WGL Holdings had a return on equity of 12.25% and a net margin of 7.46%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 EPS. Equities analysts predict that WGL Holdings Inc will post $3.27 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Thursday, July 6th. WGL Holdings’s dividend payout ratio is presently 60.18%.
A number of equities analysts have weighed in on the company. Zacks Investment Research cut WGL Holdings from a hold rating to a sell rating in a report on Wednesday, July 19th. BidaskClub cut WGL Holdings from a hold rating to a sell rating in a report on Sunday, July 16th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. WGL Holdings currently has an average rating of Hold and an average target price of $76.75.
In other WGL Holdings news, Director Debra L. Lee sold 2,800 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $82.94, for a total value of $232,232.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.09% of the company’s stock.
About WGL Holdings
WGL Holdings, Inc (WGL) is a holding company. The Company operates through four segments. The Regulated Utility segment consists of Washington Gas Light Company, which provides regulated gas distribution services to end use customers and natural gas transportation services to an unaffiliated natural gas distribution company and Hampshire Gas Company, which provides regulated interstate natural gas storage services.
Receive News & Ratings for WGL Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WGL Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.