Alliant Energy (LNT) Set to Announce Earnings on Thursday

Alliant Energy (NASDAQ:LNT - Get Free Report) is set to post its quarterly earnings results after the market closes on Thursday, October 31st. Analysts expect Alliant Energy to post earnings of $1.09 per share for the quarter. Alliant Energy has set its FY 2024 guidance at 2.990-3.130 EPS and its FY24 guidance at $2.99-3.13 EPS.Persons interested in participating in the company's earnings conference call can do so using this link.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.07). The business had revenue of $894.00 million during the quarter, compared to analyst estimates of $897.03 million. Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. The business's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 earnings per share. On average, analysts expect Alliant Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Alliant Energy Price Performance

NASDAQ LNT traded down $0.01 on Thursday, hitting $61.91. 1,049,825 shares of the company were exchanged, compared to its average volume of 1,584,747. Alliant Energy has a 1-year low of $46.80 and a 1-year high of $62.49. The firm has a 50 day moving average of $59.54 and a two-hundred day moving average of $54.49. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.31. The company has a market cap of $15.88 billion, a P/E ratio of 25.25, a P/E/G ratio of 2.93 and a beta of 0.58.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.10%. Alliant Energy's payout ratio is 78.37%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LNT. LADENBURG THALM/SH SH upgraded shares of Alliant Energy from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. BMO Capital Markets boosted their target price on Alliant Energy from $58.00 to $60.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 6th. Wells Fargo & Company raised their price target on Alliant Energy from $62.00 to $66.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Barclays lifted their price objective on Alliant Energy from $55.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Monday, October 14th. Finally, UBS Group upped their target price on shares of Alliant Energy from $64.00 to $65.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $63.28.

Alliant Energy Company Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.