$0.79 EPS Expected for Vectren Corp (VVC) This Quarter

Wall Street analysts expect Vectren Corp (NYSE:VVC) to announce earnings of $0.79 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Vectren’s earnings. The lowest EPS estimate is $0.75 and the highest is $0.82. Vectren posted earnings per share of $0.75 during the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The business is expected to issue its next earnings report after the market closes on Monday, November 5th.

On average, analysts expect that Vectren will report full-year earnings of $2.87 per share for the current year, with EPS estimates ranging from $2.85 to $2.90. For the next fiscal year, analysts expect that the business will report earnings of $3.06 per share, with EPS estimates ranging from $3.05 to $3.08. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Vectren.

Vectren (NYSE:VVC) last posted its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. Vectren had a return on equity of 12.33% and a net margin of 7.72%. The business had revenue of $644.00 million for the quarter, compared to analysts’ expectations of $688.00 million. During the same quarter in the prior year, the business earned $0.45 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis.



VVC traded down $0.02 during trading hours on Friday, reaching $71.59. The company’s stock had a trading volume of 898,526 shares, compared to its average volume of 536,608. Vectren has a 52 week low of $58.00 and a 52 week high of $71.74. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The stock has a market cap of $5.95 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 3.57 and a beta of 0.42.

A number of hedge funds and other institutional investors have recently modified their holdings of VVC. Zions Bancorporation acquired a new position in Vectren in the 2nd quarter valued at $107,000. Centaurus Financial Inc. acquired a new position in Vectren in the 2nd quarter valued at $163,000. First Hawaiian Bank acquired a new position in Vectren in the 3rd quarter valued at $173,000. Cerebellum GP LLC acquired a new stake in shares of Vectren during the 2nd quarter worth $185,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Vectren during the 2nd quarter worth $204,000. 64.79% of the stock is currently owned by hedge funds and other institutional investors.

About Vectren

Vectren Corporation provides energy delivery services to residential, commercial, and industrial and other contract customers. The company offers natural gas distribution and transportation services, and electric transmission and distribution services; and owns and operates coal-fired, natural gas or oil-fired, and landfill gas electric generating facilities with an installed generating capacity of 1,248 megawatts.

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