SCANA (NYSE:SCG) Issues Quarterly Earnings Results, Beats Estimates By $0.20 EPS

SCANA (NYSE:SCG) released its quarterly earnings data on Thursday, October 25th. The utilities provider reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.20, Fidelity Earnings reports. SCANA had a negative net margin of 4.89% and a positive return on equity of 10.04%. The firm had revenue of $926.00 million for the quarter.

NYSE:SCG traded up $0.18 during midday trading on Friday, reaching $40.18. The stock had a trading volume of 635,009 shares, compared to its average volume of 1,675,464. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 2.24. SCANA has a 1-year low of $33.61 and a 1-year high of $49.40. The firm has a market capitalization of $5.80 billion, a PE ratio of 9.57, a PEG ratio of 6.15 and a beta of 0.05.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 1st. Investors of record on Monday, December 10th will be paid a $0.1237 dividend. The ex-dividend date of this dividend is Friday, December 7th. This represents a $0.49 dividend on an annualized basis and a yield of 1.23%. SCANA’s payout ratio is presently 11.67%.

Several research analysts have recently commented on SCG shares. Zacks Investment Research lowered shares of SCANA from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. UBS Group upgraded shares of SCANA from a “sell” rating to a “neutral” rating in a research note on Friday, September 28th. Wolfe Research restated an “outperform” rating on shares of SCANA in a research note on Thursday, September 27th. Mizuho upgraded shares of SCANA from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 9th. Finally, ValuEngine upgraded shares of SCANA from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 18th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. SCANA currently has an average rating of “Hold” and a consensus target price of $38.30.

ILLEGAL ACTIVITY NOTICE: “SCANA (NYSE:SCG) Issues Quarterly Earnings Results, Beats Estimates By $0.20 EPS” was published by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.baseballdailydigest.com/2018/11/10/scana-scg-issues-quarterly-earnings-results.html.

About SCANA

SCANA Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in the United States. The company owns nuclear, coal, hydro, natural gas, oil, biomass, and solar generating facilities. It also purchases, sells, and transports natural gas; and offers energy-related services.

Recommended Story: How are institutional investors different from individual investors?

Earnings History for SCANA (NYSE:SCG)

Receive News & Ratings for SCANA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SCANA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply