In the wake of unexpectedly strong economic reports, increasingly confident investors are executing a “flight from safety,” which is bad news for utility stocks. Case in point: Electric utility Dominion Resources, Inc. (NYSE:D) on Friday reported fourth-quarter fiscal 2014 operating results that missed the mark by a wide margin. The company reported earnings of $243 million and earnings per share of 42 cents, a drop from $431 million and EPS of 74 cents for the same period a year ago.
Wall Street had expected EPS of 83 cents. That said, excluding items, operating earnings for the fourth quarter reached 84 cents per share, a year-over-year gain of 5% compared with 80 cents per share during the same year-ago quarter. Dominion’s fourth-quarter revenue came in at $2.9 billion compared with $3.2 billion in the same year-ago quarter. Analysts’ consensus estimate had called for revenue of $3.1 billion. Dominion management gave first-quarter guidance for operating earnings in the range of 85 cents to $1 per share, below analysts’ expectations of $1.03 per share.
Source: InvestorPlace
Related Articles:
- 8 Dividend Stocks With A 15% Yield In 15 Years
- First Quarter 2014: Top And Bottom Performing Dividend Stocks
- Don't Touch These 5 Dividend Stocks!
- 7 Dividend Stocks Headed In The Right Direction
- Who Owns The Top Dividend Stocks?
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
In bull markets, dividends become more or less irrelevant. When the Dow Jones Industrial Average traded above 14,000 in 2007, very few stoc...
-
While these pharma stocks have steady cash flows and revenues, there’s still plenty of growth left in the tank from new drugs in development...
-
Add it all up, and things are starting to get tense. That leaves investors wondering where they can go for safety. After years of tech outpe...
-
Anxiety over the European debt crisis and distrust in the markets drove volatility in global stock markets to dizzying heights in 2011. The ...
-
Despite a strong year, the renewable power company has lost 20% of its value, which has pushed its dividend yield up to 7%. That lower price...
-
Dividend-paying stocks are like the ballast that keeps a ship from capsizing during stormy seas. They provide grounding for investors who, w...
-
After prices rising for nearly two straight years, volatility has returned to the oil patch in the past month. Investors can expect above-av...
-
The yield is 9.55%, with 1.12X coverage that should improve in 2019. Management has raised the quarterly distribution 16 straight quarters. ...
-
Are you on the hunt for a generous and reliable dividend stock? If so, the list of Dividend Aristocrats -- comprised of those few companies ...
0 comments
Post a Comment
Post a Comment