Alliant Energy (LNT) to Release Earnings on Thursday

Alliant Energy (NASDAQ:LNT) will 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, August 1st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.07). The business had revenue of $894.00 million during the quarter, compared to the consensus estimate of $897.03 million. Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The business’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $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 Stock Performance

LNT stock opened at $61.14 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.31. The firm has a 50 day moving average of $59.78 and a two-hundred day moving average of $54.79. The company has a market capitalization of $15.68 billion, a price-to-earnings ratio of 24.96, a P/E/G ratio of 2.91 and a beta of 0.58. Alliant Energy has a 12 month low of $46.80 and a 12 month high of $62.49.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.92 annualized dividend and a yield of 3.14%. Alliant Energy’s dividend payout ratio (DPR) is presently 78.37%.

Analyst Ratings Changes

Several brokerages have recently issued reports on LNT. Jefferies Financial Group started coverage on Alliant Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $67.00 price target on the stock. Wells Fargo & Company lifted their price target on Alliant Energy from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. UBS Group increased their price objective on Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Bank of America boosted their target price on shares of Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, Mizuho increased their price target on shares of Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $63.28.

About Alliant Energy

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.