Entergy (ETR) Releases FY18 Earnings Guidance

Entergy (NYSE:ETR) issued an update on its FY18 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $6.25-6.85 for the period, compared to the Thomson Reuters consensus estimate of $5.07.

Entergy (ETR) traded up $2.12 during mid-day trading on Friday, reaching $77.15. The company’s stock had a trading volume of 1,101,904 shares, compared to its average volume of 1,373,651. Entergy has a 52 week low of $71.95 and a 52 week high of $87.95. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.58 and a current ratio of 0.78. The company has a market capitalization of $13,417.91, a P/E ratio of -15.61, a price-to-earnings-growth ratio of 2.09 and a beta of 0.50.

Entergy (NYSE:ETR) last posted its earnings results on Friday, February 23rd. The utilities provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.30. Entergy had a positive return on equity of 14.76% and a negative net margin of 7.82%. During the same period in the prior year, the business earned $0.31 EPS. sell-side analysts anticipate that Entergy will post 6.91 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date is Wednesday, February 7th. Entergy’s dividend payout ratio is -72.06%.

ETR has been the topic of a number of recent research reports. TheStreet raised Entergy from a c rating to a b- rating in a report on Friday, October 27th. Guggenheim reissued a buy rating and issued a $101.00 target price on shares of Entergy in a report on Wednesday, January 3rd. Mizuho raised Entergy from a neutral rating to a buy rating in a report on Friday, November 17th. Bank of America raised Entergy from a neutral rating to a buy rating and set a $89.00 target price on the stock in a report on Tuesday, December 12th. Finally, Morgan Stanley increased their target price on Entergy from $86.00 to $88.00 and gave the company an equal weight rating in a report on Wednesday, December 13th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $83.50.

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Entergy Company Profile

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.

Earnings History and Estimates for Entergy (NYSE:ETR)

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