Vectren (VVC) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Vectren (NYSE:VVC) released its quarterly earnings results on Tuesday. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.02), RTT News reports. The firm had revenue of $711.00 million during the quarter, compared to the consensus estimate of $620.00 million. Vectren had a net margin of 8.49% and a return on equity of 12.51%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 earnings per share.

Vectren (VVC) traded down $0.40 during trading on Tuesday, hitting $62.57. The stock had a trading volume of 434,139 shares, compared to its average volume of 526,976. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.70 and a quick ratio of 0.55. Vectren has a 12 month low of $54.08 and a 12 month high of $69.86. The firm has a market cap of $5,226.66, a PE ratio of 23.15, a P/E/G ratio of 3.68 and a beta of 0.69.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.88%. Vectren’s payout ratio is 66.42%.

VVC has been the subject of a number of recent analyst reports. Citigroup upped their target price on Vectren from $66.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, November 20th. ValuEngine downgraded Vectren from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Guggenheim downgraded Vectren from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 2nd. Finally, Wells Fargo & Co set a $58.00 target price on Vectren and gave the company a “hold” rating in a research report on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $66.00.

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About Vectren

Vectren Corporation (Vectren) is an energy holding company. The Company segregates its operations into groups, including the Utility Group, the Nonutility Group, and Corporate and Other. The Company’s subsidiary, Vectren Utility Holdings, Inc (Utility Holdings or VUHI), serves as the intermediate holding company for three public utilities: Indiana Gas Company, Inc (Indiana Gas), Southern Indiana Gas and Electric Company (SIGECO) and Vectren Energy Delivery of Ohio, Inc (VEDO).

Earnings History for Vectren (NYSE:VVC)

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