Equities analysts expect CenterPoint Energy, Inc. (NYSE:CNP) to announce earnings per share (EPS) of $0.36 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for CenterPoint Energy’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.36. CenterPoint Energy reported earnings of $0.33 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.1%. The firm is scheduled to issue its next earnings report on Thursday, February 28th.
According to Zacks, analysts expect that CenterPoint Energy will report full-year earnings of $1.59 per share for the current financial year, with EPS estimates ranging from $1.55 to $1.60. For the next year, analysts expect that the business will post earnings of $1.68 per share, with EPS estimates ranging from $1.59 to $1.75. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover CenterPoint Energy.
CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Thursday, November 8th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.26 billion. CenterPoint Energy had a return on equity of 14.40% and a net margin of 15.15%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 earnings per share.
Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on CenterPoint Energy from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, October 9th. UBS Group raised CenterPoint Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $30.00 to $34.00 in a research report on Thursday, December 13th. Barclays set a $31.00 target price on CenterPoint Energy and gave the company a “hold” rating in a research report on Saturday, November 17th. Wells Fargo & Co reaffirmed a “buy” rating on shares of CenterPoint Energy in a research report on Friday, November 9th. Finally, ValuEngine raised CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. CenterPoint Energy currently has a consensus rating of “Buy” and an average price target of $30.10.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 4,000 shares of CenterPoint Energy stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $28.17, for a total value of $112,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 12,000 shares of company stock valued at $332,520. 0.22% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of CenterPoint Energy by 422.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,396 shares of the utilities provider’s stock worth $177,000 after buying an additional 5,171 shares in the last quarter. FNY Investment Advisers LLC grew its position in shares of CenterPoint Energy by 2,962.2% during the third quarter. FNY Investment Advisers LLC now owns 6,400 shares of the utilities provider’s stock worth $176,000 after buying an additional 6,191 shares in the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of CenterPoint Energy during the third quarter worth about $200,000. UMB Bank N A MO acquired a new position in shares of CenterPoint Energy during the third quarter worth about $210,000. Finally, People s United Financial Inc. acquired a new position in shares of CenterPoint Energy during the third quarter worth about $219,000. 79.37% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:CNP opened at $28.98 on Monday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.06 and a quick ratio of 0.90. The stock has a market cap of $14.37 billion, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39. CenterPoint Energy has a 12-month low of $24.81 and a 12-month high of $29.63.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 21st will be given a $0.2875 dividend. This is an increase from CenterPoint Energy’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Wednesday, February 20th. CenterPoint Energy’s payout ratio is currently 81.02%.
About CenterPoint Energy
CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.
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