News articles about Westar Energy (NYSE:WR) have trended somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Westar Energy earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 47.5407635121552 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Westar Energy (WR) Rating Lowered to C+ at TheStreet (americanbankingnews.com)
- Westar Energy announces 2017 results (finance.yahoo.com)
- Westar misses 4Q profit forecasts (finance.yahoo.com)
- Westar Energy, Inc. to Host Earnings Call (finance.yahoo.com)
- Westar Energy (WR) Issues Quarterly Earnings Results (americanbankingnews.com)
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Westar Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 28th. JPMorgan Chase & Co. dropped their price target on shares of Westar Energy from $62.00 to $56.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. TheStreet downgraded shares of Westar Energy from a “b” rating to a “c+” rating in a research note on Thursday. Finally, UBS Group assumed coverage on shares of Westar Energy in a research note on Friday, February 2nd. They set a “neutral” rating and a $55.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $55.50.
Westar Energy (NYSE:WR) last posted its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.16). Westar Energy had a return on equity of 8.40% and a net margin of 12.60%. The business had revenue of $595.00 million for the quarter, compared to the consensus estimate of $642.02 million. During the same period last year, the firm earned $0.38 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. equities analysts anticipate that Westar Energy will post 2.5 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.15%. The ex-dividend date is Thursday, March 8th.
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About Westar Energy
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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