Entergy (ETR) to Release Earnings on Wednesday
Entergy (NYSE:ETR) is set to post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Entergy to post earnings of $0.86 per share for the quarter. Entergy has set its FY 2019 guidance at $5.10-5.50 EPS and its FY19 guidance at $5.10-5.50 EPS.
Entergy (NYSE:ETR) last issued its earnings results on Wednesday, February 20th. The utilities provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.12. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $1.96 billion. Entergy had a net margin of 7.83% and a return on equity of 16.22%. During the same quarter last year, the business earned $0.76 earnings per share. On average, analysts expect Entergy to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of NYSE:ETR opened at $94.30 on Wednesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.54 and a quick ratio of 0.38. The stock has a market cap of $17.75 billion, a price-to-earnings ratio of 12.90 and a beta of 0.40. Entergy has a twelve month low of $75.45 and a twelve month high of $96.87.
In other news, insider Haley Fisackerly sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The shares were 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 directly owns 2,434 shares in the company, valued at $225,364.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew S. Marsh sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $88.14, for a total transaction of $705,120.00. Following the completion of the transaction, the chief financial officer now owns 76,343 shares of the company’s stock, valued at $6,728,872.02. The disclosure for this sale can be found here. Insiders have sold 58,408 shares of company stock valued at $5,448,863 in the last quarter. Company insiders own 0.27% of the company’s stock.
A number of brokerages have weighed in on ETR. Morgan Stanley upgraded shares of Entergy from an “equal weight” rating to an “overweight” rating in a research report on Thursday, April 18th. ValuEngine lowered shares of Entergy from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Macquarie upgraded shares of Entergy from a “neutral” rating to an “outperform” rating in a research report on Monday, March 11th. Wells Fargo & Co increased their target price on shares of Entergy from $99.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, February 21st. Finally, Zacks Investment Research lowered shares of Entergy from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $91.00.
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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