Wisconsin Energy Corp. (NYSE:WEC) issued an update on its FY13 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.43-2.48 for the period, compared to the Thomson Reuters consensus estimate of $2.46, ARN reports.
Wisconsin Energy Corp. (NYSE:WEC) traded down 0.63% during mid-day trading on Thursday, hitting $41.15. 1,912,874 shares of the company’s stock traded hands. Wisconsin Energy Corp. has a 52-week low of $36.16 and a 52-week high of $45.00. The stock has a 50-day moving average of $41.94 and a 200-day moving average of $41.52. The company has a market cap of $9.321 billion and a P/E ratio of 17.94.
Wisconsin Energy Corp. (NYSE:WEC) last announced its earnings results on Wednesday, October 30th. The company reported $0.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.04. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted $0.67 earnings per share. Wisconsin Energy Corp.’s revenue was up 1.3% compared to the same quarter last year. Analysts expect that Wisconsin Energy Corp. will post $2.46 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at CRT Capital initiated coverage on shares of Wisconsin Energy Corp. in a research note to investors on Tuesday, November 5th. They set a buy rating on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of Wisconsin Energy Corp. in a research note to investors on Thursday, October 31st. They now have a $44.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Wisconsin Energy Corp. from $44.00 to $47.00 in a research note to investors on Thursday, October 31st. They now have an overweight rating on the stock. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $44.89.
Wisconsin Energy Corporation is a diversified holding company. The Company operates primarily through two segments: a utility energy segment and a non-utility energy segment.
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