Houston Lighting & Power (NYSE:CNP) updated its FY18 earnings guidance on Friday. The company provided earnings per share guidance of $1.50-1.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.55.
A number of brokerages recently commented on CNP. Citigroup decreased their target price on Houston Lighting & Power from $30.00 to $27.00 and set a neutral rating on the stock in a report on Tuesday, March 27th. Bank of America lowered Houston Lighting & Power from a neutral rating to an underperform rating in a research report on Thursday, March 22nd. SunTrust Banks set a $27.00 price target on Houston Lighting & Power and gave the stock a hold rating in a research report on Monday, March 19th. Guggenheim reissued a hold rating and issued a $28.00 price objective on shares of Houston Lighting & Power in a research note on Friday, February 23rd. Finally, Zacks Investment Research raised shares of Houston Lighting & Power from a hold rating to a buy rating and set a $30.00 price objective for the company in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of Hold and an average price target of $28.67.
NYSE CNP opened at $26.89 on Friday. The firm has a market cap of $11,590.88, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 2.95 and a beta of 0.49. Houston Lighting & Power has a 1 year low of $25.84 and a 1 year high of $30.45. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.11 and a quick ratio of 0.98.
Houston Lighting & Power (NYSE:CNP) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. Houston Lighting & Power had a net margin of 18.64% and a return on equity of 15.51%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the prior year, the firm earned $0.26 EPS. The company’s revenue for the quarter was up 26.8% on a year-over-year basis. equities analysts predict that Houston Lighting & Power will post 1.55 EPS for the current fiscal year.
In other news, CEO Scott M. Prochazka sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $27.91, for a total value of $27,910.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Milton Carroll sold 43,363 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $27.20, for a total transaction of $1,179,473.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,363 shares of company stock valued at $1,342,894. 0.22% of the stock is owned by corporate insiders.
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About Houston Lighting & Power
CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.
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