Analysts expect Scana Corporation (NYSE:SCG) to post $1.11 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have issued estimates for Scana Corporation’s earnings. The lowest EPS estimate is $1.03 and the highest is $1.17. Scana Corporation posted earnings per share of $1.32 during the same quarter last year, which suggests a negative year over year growth rate of 15.9%. The business is expected to report its next earnings results on Thursday, October 26th.
On average, analysts expect that Scana Corporation will report full-year earnings of $4.23 per share for the current fiscal year, with EPS estimates ranging from $4.15 to $4.26. For the next fiscal year, analysts forecast that the company will report earnings of $4.31 per share, with EPS estimates ranging from $4.10 to $4.70. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Scana Corporation.
Scana Corporation (NYSE:SCG) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $931.67 million. Scana Corporation had a return on equity of 10.50% and a net margin of 13.99%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 earnings per share.
Several research analysts recently commented on SCG shares. Zacks Investment Research downgraded shares of Scana Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. BidaskClub raised shares of Scana Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Guggenheim downgraded shares of Scana Corporation from a “buy” rating to a “sell” rating in a report on Friday, July 28th. Morgan Stanley cut their price objective on shares of Scana Corporation from $70.00 to $67.00 and set an “underweight” rating for the company in a report on Tuesday, July 11th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $67.00 price objective (down from $70.00) on shares of Scana Corporation in a report on Sunday, April 23rd. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Scana Corporation currently has an average rating of “Hold” and a consensus target price of $71.44.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sigma Planning Corp increased its position in shares of Scana Corporation by 0.3% in the second quarter. Sigma Planning Corp now owns 3,266 shares of the utilities provider’s stock valued at $219,000 after buying an additional 10 shares during the last quarter. Focused Wealth Management Inc increased its position in shares of Scana Corporation by 0.4% in the first quarter. Focused Wealth Management Inc now owns 3,182 shares of the utilities provider’s stock valued at $208,000 after buying an additional 12 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Scana Corporation by 0.6% in the first quarter. Parallel Advisors LLC now owns 2,235 shares of the utilities provider’s stock valued at $145,000 after buying an additional 13 shares during the last quarter. ING Groep NV increased its position in shares of Scana Corporation by 0.4% in the second quarter. ING Groep NV now owns 7,320 shares of the utilities provider’s stock valued at $491,000 after buying an additional 26 shares during the last quarter. Finally, Gateway Investment Advisers LLC increased its position in shares of Scana Corporation by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 9,669 shares of the utilities provider’s stock valued at $648,000 after buying an additional 28 shares during the last quarter. 67.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Scana Corporation (NYSE SCG) traded down 1.85% during trading on Wednesday, reaching $62.47. The company’s stock had a trading volume of 994,808 shares. The stock’s 50 day moving average price is $66.27 and its 200-day moving average price is $67.26. Scana Corporation has a 12 month low of $60.00 and a 12 month high of $75.92. The firm has a market cap of $8.93 billion, a PE ratio of 15.14 and a beta of 0.25.
The company also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Monday, September 11th will be issued a $0.6125 dividend. This represents a $2.45 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Friday, September 8th. Scana Corporation’s payout ratio is 57.68%.
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Scana Corporation Company Profile
SCANA Corporation is a holding company. The Company, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina. The Company operates through segments, including Electric Operations, Gas Distribution, Gas Marketing and All Other. The Company is engaged in the purchase, transmission and sale of natural gas in North Carolina and South Carolina.
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