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Westar Energy Earnings Preview For Thursday (WR)

Westar Energy, Inc. (WR)  (WR) 

Background:Westar Energy is a consumer services company with interests in monitored services and energy. Westar Energy provides electric utility services to customers in Kansas. Westar Energy's goal is to operate the best utility in the Midwest. They will provide their customers quality service at below average prices. Westar Energy Generation and Marketing will be a preferred energy provider, both inside and outside their service territory. Westar Energy shares trade an average of 506,000 shares per day and has a marketcap of $4 billion

The upcoming third-quarter earnings is highly anticipated by hopeful investors expecting an earnings growth report after the market closes on November 8, 2012 .

The Analyst's mean profit appraisal is presently $1.05 a share, a gain of 7 cents (6.7%) from 98 cents during the corresponding quarter last year. Analysts are estimating as low as $1 per share, up to the most optimistic estimate of $1.10 per share.

The company currently pays $1.32 per share in dividends for a yield of 4.5%.

Most of the analysts are bestowing this company a hold rating. 8 out of 13 are now rendering a hold recomendation. 5 recommend this as a buy and no analysts recommend selling. In the last 12 months, the shares have modestly moved higher. The one year return is 7.1%, and the average analyst target price for Westar Energy is $32.11.

The last reported short interest is paltry and without reason to consider it a meaningful influence at only 1.7% of the average trading float.


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Stock Tickers: WR Author Disclosure: NA
Westar Energy, Inc. (WR)
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