Brokerages expect SCANA Co. (NYSE:SCG) to report earnings per share (EPS) of $1.21 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for SCANA’s earnings, with estimates ranging from $0.97 to $1.44. SCANA posted earnings per share of $1.19 during the same quarter last year, which suggests a positive year over year growth rate of 1.7%. The business is scheduled to announce its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that SCANA will report full year earnings of $3.05 per share for the current year, with EPS estimates ranging from $2.29 to $3.80. For the next year, analysts forecast that the company will report earnings of $2.84 per share, with EPS estimates ranging from $1.97 to $4.00. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover SCANA.
SCANA (NYSE:SCG) last announced its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.03. SCANA had a positive return on equity of 10.61% and a negative net margin of 2.70%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis.
Hedge funds and other institutional investors have recently modified their holdings of the business. SeaCrest Wealth Management LLC purchased a new stake in SCANA in the fourth quarter valued at approximately $109,000. Willingdon Wealth Management purchased a new stake in SCANA in the third quarter valued at approximately $112,000. Dupont Capital Management Corp lifted its stake in SCANA by 241.1% in the fourth quarter. Dupont Capital Management Corp now owns 2,985 shares of the utilities provider’s stock valued at $119,000 after buying an additional 2,110 shares during the last quarter. Amica Retiree Medical Trust lifted its stake in SCANA by 219.1% in the third quarter. Amica Retiree Medical Trust now owns 2,693 shares of the utilities provider’s stock valued at $131,000 after buying an additional 1,849 shares during the last quarter. Finally, Taylor Hoffman Wealth Management purchased a new stake in SCANA in the fourth quarter valued at approximately $167,000. Institutional investors own 75.87% of the company’s stock.
Shares of SCANA (NYSE SCG) traded down $0.05 during trading on Monday, hitting $39.08. The stock had a trading volume of 1,712,991 shares, compared to its average volume of 2,773,415. SCANA has a 1-year low of $34.76 and a 1-year high of $71.28. The firm has a market capitalization of $5,580.00, a P/E ratio of -63.03, a PEG ratio of 3.67 and a beta of 0.21. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 0.88.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Monday, March 12th will be paid a dividend of $0.6125 per share. This represents a $2.45 annualized dividend and a yield of 6.27%. The ex-dividend date is Friday, March 9th. SCANA’s payout ratio is -395.16%.
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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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