Analysts expect that Entergy Co. (NYSE:ETR) will announce earnings per share of $0.55 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Entergy’s earnings, with the highest EPS estimate coming in at $0.89 and the lowest estimate coming in at $0.29. Entergy posted earnings per share of $0.76 during the same quarter last year, which would suggest a negative year over year growth rate of 27.6%. The firm is scheduled to report its next quarterly earnings report on Friday, February 22nd.
On average, analysts expect that Entergy will report full year earnings of $6.98 per share for the current financial year, with EPS estimates ranging from $6.90 to $7.05. For the next fiscal year, analysts expect that the company will report earnings of $5.77 per share, with EPS estimates ranging from $4.98 to $6.73. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Entergy.
Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, October 31st. The utilities provider reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.94. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Entergy had a net margin of 4.01% and a return on equity of 16.94%. During the same period in the prior year, the company posted $2.35 EPS.
ETR has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on shares of Entergy from $87.00 to $85.00 and set a “hold” rating for the company in a research report on Friday, September 21st. Bank of America upped their price objective on shares of Entergy from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, August 23rd. JPMorgan Chase & Co. upped their price objective on shares of Entergy from $82.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, August 29th. Zacks Investment Research reissued a “strong-buy” rating and issued a $97.00 price objective on shares of Entergy in a research report on Tuesday, November 13th. Finally, Citigroup upped their price objective on shares of Entergy from $88.00 to $89.00 and gave the company a “buy” rating in a research report on Wednesday, October 17th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Entergy has an average rating of “Buy” and an average price target of $89.63.
In other Entergy news, insider Haley Fisackerly sold 4,900 shares of the firm’s stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $87.00, for a total value of $426,300.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Paul D. Hinnenkamp sold 6,000 shares of the firm’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $86.00, for a total transaction of $516,000.00. The disclosure for this sale can be found here. Insiders have sold 76,727 shares of company stock worth $6,644,282 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Schroder Investment Management Group lifted its holdings in Entergy by 68.0% in the second quarter. Schroder Investment Management Group now owns 96,620 shares of the utilities provider’s stock worth $7,851,000 after acquiring an additional 39,125 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd bought a new position in Entergy in the third quarter worth about $430,000. Pensionfund DSM Netherlands bought a new position in Entergy in the third quarter worth about $2,434,000. Riverhead Capital Management LLC lifted its holdings in Entergy by 10.0% in the second quarter. Riverhead Capital Management LLC now owns 27,994 shares of the utilities provider’s stock worth $2,262,000 after acquiring an additional 2,541 shares during the last quarter. Finally, Argent Trust Co bought a new position in Entergy in the second quarter worth about $1,089,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:ETR opened at $88.98 on Thursday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.64 and a quick ratio of 0.49. The stock has a market capitalization of $16.12 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 1.82 and a beta of 0.42. Entergy has a 1-year low of $71.95 and a 1-year high of $89.39.
The business also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Thursday, November 8th were given a dividend of $0.91 per share. This is a boost from Entergy’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Wednesday, November 7th. This represents a $3.64 annualized dividend and a dividend yield of 4.09%. Entergy’s dividend payout ratio (DPR) is presently 50.56%.
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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