CenterPoint Energy, Inc. (NYSE:CNP) Expected to Post Earnings of $0.25 Per Share

Wall Street analysts expect CenterPoint Energy, Inc. (NYSE:CNP) to post earnings per share (EPS) of $0.25 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for CenterPoint Energy’s earnings. The lowest EPS estimate is $0.23 and the highest is $0.28. CenterPoint Energy reported earnings per share of $0.21 during the same quarter last year, which would suggest a positive year over year growth rate of 19%. The company is scheduled to announce its next quarterly earnings results on Thursday, August 5th.

According to Zacks, analysts expect that CenterPoint Energy will report full-year earnings of $1.43 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.52. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.49 per share, with EPS estimates ranging from $1.34 to $1.59. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for CenterPoint Energy.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Thursday, May 6th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.09. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.28 billion. CenterPoint Energy had a net margin of 10.12% and a return on equity of 16.59%. During the same period last year, the company earned $0.65 earnings per share.

CNP has been the subject of a number of recent research reports. Evercore ISI cut shares of CenterPoint Energy from an “outperform” rating to an “in-line” rating in a research report on Friday, February 26th. Bank of America raised shares of CenterPoint Energy from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Monday, May 24th. Credit Suisse Group boosted their target price on CenterPoint Energy from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, April 16th. TheStreet raised CenterPoint Energy from a “c” rating to a “b-” rating in a research note on Thursday, May 6th. Finally, Barclays upped their price objective on CenterPoint Energy from $25.00 to $28.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. CenterPoint Energy has an average rating of “Hold” and an average price target of $24.90.

In other CenterPoint Energy news, CEO David J. Lesar purchased 50,000 shares of the business’s stock in a transaction on Thursday, May 13th. The shares were purchased at an average cost of $23.58 per share, for a total transaction of $1,179,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jason P. Wells purchased 10,000 shares of the business’s stock in a transaction on Tuesday, May 11th. The shares were acquired at an average price of $24.06 per share, for a total transaction of $240,600.00. The disclosure for this purchase can be found here. Corporate insiders own 0.12% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. MAI Capital Management boosted its holdings in shares of CenterPoint Energy by 3.5% during the 1st quarter. MAI Capital Management now owns 12,246 shares of the utilities provider’s stock worth $277,000 after buying an additional 412 shares in the last quarter. Cadence Bank NA boosted its holdings in shares of CenterPoint Energy by 2.9% during the 1st quarter. Cadence Bank NA now owns 16,083 shares of the utilities provider’s stock worth $364,000 after buying an additional 448 shares in the last quarter. Eudaimonia Partners LLC boosted its holdings in shares of CenterPoint Energy by 13.5% during the 1st quarter. Eudaimonia Partners LLC now owns 3,781 shares of the utilities provider’s stock worth $86,000 after buying an additional 450 shares in the last quarter. Synovus Financial Corp boosted its holdings in shares of CenterPoint Energy by 3.4% during the 4th quarter. Synovus Financial Corp now owns 15,305 shares of the utilities provider’s stock worth $331,000 after buying an additional 508 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of CenterPoint Energy by 52.6% in the 1st quarter. Rockefeller Capital Management L.P. now owns 1,569 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 541 shares in the last quarter. Hedge funds and other institutional investors own 89.02% of the company’s stock.

CNP traded down $0.07 during trading on Friday, reaching $25.88. 69,028 shares of the stock were exchanged, compared to its average volume of 5,206,087. CenterPoint Energy has a twelve month low of $17.34 and a twelve month high of $26.03. The company has a market cap of $15.02 billion, a PE ratio of 24.25, a P/E/G ratio of 4.19 and a beta of 0.98. The business’s 50 day moving average price is $24.42. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.66 and a current ratio of 0.74.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 10th. Shareholders of record on Thursday, May 20th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Wednesday, May 19th. CenterPoint Energy’s dividend payout ratio is presently 45.71%.

About CenterPoint Energy

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through Electric, Natural Gas, and Midstream Investments segments. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as assets in the wholesale power market.

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Earnings History and Estimates for CenterPoint Energy (NYSE:CNP)

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