Duke Energy (DUK) Set to Announce Earnings on Tuesday

Duke Energy (NYSE:DUK) will post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Duke Energy to post earnings of $1.39 per share for the quarter. Duke Energy has set its FY24 guidance at $5.85-6.10 EPS and its FY 2024 guidance at 5.850-6.100 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.02). The firm had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. Duke Energy’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.11 EPS. On average, analysts expect Duke Energy to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Duke Energy Stock Up 1.0 %

DUK opened at $100.26 on Monday. Duke Energy has a fifty-two week low of $83.06 and a fifty-two week high of $100.56. The company has a market capitalization of $77.35 billion, a P/E ratio of 28.24, a P/E/G ratio of 2.67 and a beta of 0.45. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49. The firm’s fifty day moving average price is $95.53 and its two-hundred day moving average price is $94.17.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $92.57, for a total value of $277,710.00. Following the completion of the sale, the executive vice president now owns 14,213 shares of the company’s stock, valued at $1,315,697.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DUK. Wells Fargo & Company cut their price target on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. Royal Bank of Canada upgraded Duke Energy from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $101.00 to $113.00 in a research note on Wednesday, January 10th. BMO Capital Markets lowered their target price on shares of Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Scotiabank decreased their price objective on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Finally, Mizuho raised their price objective on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $100.62.

About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.