Central Puerto (NYSE:CEPU) Releases Quarterly Earnings Results

Central Puerto (NYSE:CEPU) announced its quarterly earnings data on Wednesday. The company reported $0.65 earnings per share for the quarter, Zacks reports. The firm had revenue of $523.67 million during the quarter, compared to the consensus estimate of $320.41 million. Central Puerto had a return on equity of 16.32% and a net margin of 29.58%.

Central Puerto Stock Up 0.2%

CEPU stock opened at $10.20 on Thursday. Central Puerto has a 1-year low of $9.61 and a 1-year high of $18.50. The business has a fifty day moving average price of $12.42 and a 200-day moving average price of $14.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.28 and a quick ratio of 1.19. The stock has a market capitalization of $1.54 billion, a P/E ratio of 3.40 and a beta of 0.85.

Central Puerto Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, October 7th. Stockholders of record on Monday, September 28th were paid a $1.0758 dividend. The ex-dividend date was Monday, September 28th. Central Puerto’s payout ratio is currently 30.00%.

Wall Street Analyst Weigh In

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