Central Puerto (NYSE:CEPU) Posts Quarterly Earnings Results

Central Puerto (NYSE:CEPU) posted its earnings results on Wednesday. The company reported $0.64 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $523.67 million during the quarter, compared to analyst estimates of $320.29 million. Central Puerto had a net margin of 29.58% and a return on equity of 16.32%.

Central Puerto Stock Performance

NYSE:CEPU traded up $0.03 during trading on Wednesday, reaching $10.20. The company’s stock had a trading volume of 304,085 shares, compared to its average volume of 306,754. Central Puerto has a 12 month low of $9.61 and a 12 month high of $18.50. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 3.40 and a beta of 0.85. The firm has a 50 day moving average of $12.49 and a 200-day moving average of $14.41. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.28.

Central Puerto Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, October 7th. Shareholders of record on Monday, September 28th were paid a $1.0758 dividend. The ex-dividend date was Monday, September 28th. Central Puerto’s dividend payout ratio is 29.67%.

Analysts Set New Price Targets

Several research analysts recently weighed in on CEPU shares. Weiss Ratings restated a “hold (c)” rating on shares of Central Puerto in a report on Wednesday, August 26th. Bank of America reduced their price objective on shares of Central Puerto from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, September 17th. Finally, Wall Street Zen lowered shares of Central Puerto from a “buy” rating to a “hold” rating in a research note on Saturday, September 19th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Central Puerto presently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

About Central Puerto

Central Puerto S.A. is an Argentina-based electric power generation company. It operates power plants that produce electricity for the country’s wholesale electricity market, serving utilities, businesses and other users through Argentina’s electricity system. The company’s generation portfolio includes thermal, hydroelectric and renewable energy assets, including wind and solar facilities. Its thermal plants use fuels such as natural gas, while its renewable operations add electricity from non-fossil sources to the portfolio.