Stock Price: It would be interesting to see how the market reacts to the negative earnings surprise during the trading session today.
Advertisement
The stock price demonstrated downbeat change from its 50 day moving average of 43.76 and had been up from its 200 Day Moving Average of 41.13.
Xcel Energy Inc (NYSE:XEL) stock is now trading at about $43.31 and lots of rating firms seem to have a target price set on the stock.
XEL has been the topic of a number of other reports.
Analysts are modeling that earnings per share and revenue will increase slightly year-over-year. Looking forward, analysts on average predict that earnings for the current quarter would come in between $0.82 and $0.90.
If we have a peek on EPS and surprise factor history during last four quarters, for the previous quarter ended on 3/2016, the consensus mean EPS was $0.46 while the company reported $0.47 EPS on 5/9/2016 BMO with a difference of 0.01 marking a surprise factor of 2.17%. However a year ago for the same quarter the company has reported $0.39 earnings per share. Earlier, the shares were rated a Neutral by the brokerage firm. Past 5 years growth of Xcel Energy Inc (NYSE:XEL) observed at 4.51%, and for the next five years the analysts that follow this company are expecting its growth at 5.26%. Analysts had expected Xcel Energy Inc (NYSE:XEL) to report earnings of about $0.40 per share on $2,534.76M in revenue.
Advertisement
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 20th. This represents a $1.36 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Tuesday, June 14th. Advisory Services Network LLC now owns 6,031 shares of the company’s stock worth $270,000 after buying an additional 16 shares during the period. Click to get this free report Want the latest recommendations from Zacks Investment Research? Deutsche Bank AG reiterated a “hold” rating on shares of Xcel Energy in a research report on Monday, April 18th. And roundups of analyst notes show that 2 are rating the stock a buy while 2 rate XEL a strong buy. The company now operates primarily through its regulated utilities which lend a long-term growth potential. Its segments include regulated electric utility, regulated natural gas utility and all other. The regulated electric utility segment generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico.
