Xcel Energy (XEL) Scheduled to Post Quarterly Earnings on Thursday

Xcel Energy (NASDAQ:XEL) is scheduled to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Xcel Energy has set its FY24 guidance at $3.50-3.60 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, January 25th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $3.44 billion during the quarter, compared to analyst estimates of $4.01 billion. Xcel Energy had a return on equity of 10.78% and a net margin of 12.47%. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same quarter last year, the business posted $0.69 earnings per share. On average, analysts expect Xcel Energy to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Xcel Energy Trading Up 0.4 %

XEL opened at $54.96 on Tuesday. Xcel Energy has a twelve month low of $46.79 and a twelve month high of $71.32. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.59 and a current ratio of 0.72. The firm’s fifty day moving average is $54.08 and its two-hundred day moving average is $58.15. The firm has a market cap of $30.53 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 2.55 and a beta of 0.36.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Investors of record on Friday, March 15th were issued a dividend of $0.548 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.99%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, March 14th. Xcel Energy’s dividend payout ratio (DPR) is presently 68.22%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on XEL shares. TheStreet downgraded shares of Xcel Energy from a “b-” rating to a “c+” rating in a research report on Thursday, March 14th. Barclays raised shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $61.00 to $54.00 in a research report on Monday, March 11th. StockNews.com downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Wells Fargo & Company lifted their price objective on shares of Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada lifted their price objective on shares of Xcel Energy from $67.00 to $68.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $62.83.

Xcel Energy Company Profile

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.