CenterPoint Energy (NYSE:CNP) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.50-1.60 for the period, compared to the Thomson Reuters consensus estimate of $1.58. CenterPoint Energy also updated its FY 2018 guidance to $1.55-1.60 EPS.
Shares of CNP stock opened at $28.13 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.83 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $14.19 billion, a PE ratio of 20.53, a PEG ratio of 3.04 and a beta of 0.43. CenterPoint Energy has a fifty-two week low of $24.81 and a fifty-two week high of $30.17.
CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, November 8th. The utilities provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.26 billion. CenterPoint Energy had a net margin of 15.43% and a return on equity of 10.73%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. Research analysts anticipate that CenterPoint Energy will post 1.6 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be paid a $0.2775 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.95%. CenterPoint Energy’s payout ratio is 81.02%.
CNP has been the topic of a number of recent research reports. Zacks Investment Research upgraded CenterPoint Energy from a hold rating to a buy rating and set a $31.00 target price on the stock in a research note on Monday, July 23rd. ValuEngine upgraded CenterPoint Energy from a sell rating to a hold rating in a research note on Tuesday, July 31st. SunTrust Banks restated a hold rating and issued a $30.00 target price on shares of CenterPoint Energy in a research note on Monday, August 6th. JPMorgan Chase & Co. upgraded CenterPoint Energy from a neutral rating to an overweight rating and set a $31.00 target price on the stock in a research note on Wednesday, September 5th. Finally, Wells Fargo & Co upgraded CenterPoint Energy from a market perform rating to an outperform rating and set a $30.00 target price on the stock in a research note on Monday, October 8th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. CenterPoint Energy currently has an average rating of Hold and an average target price of $29.33.
In other news, CEO Scott M. Prochazka sold 4,000 shares of the company’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $27.54, for a total value of $110,160.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.22% of the stock is owned by corporate insiders.
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About CenterPoint Energy
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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