Equities research analysts expect Entergy Co. (NYSE:ETR) to announce earnings of $1.42 per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Entergy’s earnings. The lowest EPS estimate is $1.34 and the highest is $1.51. Entergy posted earnings per share of $1.79 in the same quarter last year, which indicates a negative year-over-year growth rate of 20.7%. The business is expected to announce its next quarterly earnings report on Wednesday, August 7th.
On average, analysts expect that Entergy will report full-year earnings of $5.28 per share for the current year, with EPS estimates ranging from $5.26 to $5.30. For the next financial year, analysts forecast that the business will report earnings of $5.49 per share, with EPS estimates ranging from $5.48 to $5.50. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Entergy.
Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.12). The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Entergy had a net margin of 9.04% and a return on equity of 15.17%. During the same quarter last year, the firm earned $0.83 EPS.
Several research firms have commented on ETR. Morgan Stanley upgraded Entergy from an “equal weight” rating to an “overweight” rating in a report on Thursday, April 18th. Macquarie set a $100.00 target price on Entergy and gave the stock a “buy” rating in a report on Thursday, May 2nd. ValuEngine upgraded Entergy from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research cut Entergy from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $91.00 target price on shares of Entergy in a report on Wednesday, January 23rd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Entergy presently has an average rating of “Buy” and a consensus price target of $93.50.
ETR traded up $0.98 during midday trading on Thursday, hitting $97.89. The company’s stock had a trading volume of 1,073,739 shares, compared to its average volume of 1,243,415. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.70 and a quick ratio of 0.52. The stock has a market capitalization of $18.56 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 2.65 and a beta of 0.40. Entergy has a 52-week low of $75.45 and a 52-week high of $98.01.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 9th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Wednesday, May 8th. Entergy’s dividend payout ratio is presently 49.79%.
In other Entergy news, Chairman Leo P. Denault sold 44,279 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $97.50, for a total value of $4,317,202.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Haley Fisackerly sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $92.59, for a total value of $138,885.00. Following the completion of the transaction, the insider now owns 2,434 shares of the company’s stock, valued at approximately $225,364.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,383 shares of company stock valued at $9,419,438. 0.27% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Aspire Private Capital LLC acquired a new position in shares of Entergy in the 4th quarter valued at approximately $26,000. Altshuler Shaham Ltd acquired a new position in shares of Entergy in the 4th quarter valued at approximately $27,000. American Research & Management Co. acquired a new position in shares of Entergy in the 1st quarter valued at approximately $30,000. Investec Asset Management PTY Ltd acquired a new position in shares of Entergy in the 4th quarter valued at approximately $37,000. Finally, CWM LLC raised its position in shares of Entergy by 176.4% in the 4th quarter. CWM LLC now owns 445 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 284 shares in the last quarter. 89.77% of the stock is currently owned by institutional investors.
Entergy Company Profile
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.
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