Westar Energy, Inc. (WR) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS
Westar Energy, Inc. (NYSE:WR) posted its quarterly earnings results on Tuesday. The utilities provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.56 by $0.06, RTT News reports. Westar Energy had a net margin of 13.28% and a return on equity of 8.96%. The business had revenue of $609.32 million during the quarter, compared to the consensus estimate of $633.96 million. During the same quarter in the prior year, the firm posted $0.51 EPS.
Shares of Westar Energy (NYSE WR) remained flat at $51.10 during midday trading on Thursday. 295,837 shares of the stock traded hands. The company has a market cap of $7.26 billion, a PE ratio of 21.47 and a beta of 0.39. The firm has a 50-day moving average of $51.41 and a 200-day moving average of $53.01. Westar Energy has a 12 month low of $49.21 and a 12 month high of $57.50.
A number of research analysts have recently issued reports on WR shares. BidaskClub raised shares of Westar Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Wolfe Research assumed coverage on shares of Westar Energy in a research report on Wednesday, July 26th. They set an “outperform” rating on the stock. Zacks Investment Research downgraded shares of Westar Energy from a “hold” rating to a “sell” rating in a report on Friday, July 14th. Evercore ISI raised shares of Westar Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $49.00 to $53.00 in a report on Tuesday, July 11th. Finally, J P Morgan Chase & Co raised shares of Westar Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $32.00 to $53.00 in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.33.
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Westar Energy Company Profile
Westar Energy, Inc is an electric utility. The Company provides electric generation, transmission and distribution services. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Its subsidiary, Kansas Gas and Electric Company (KGE), provides these services in south-central and southeastern Kansas, including the city of Wichita.
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