Equities analysts expect that Entergy Corporation (NYSE:ETR) will report earnings of $2.06 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Entergy Corporation’s earnings. The lowest EPS estimate is $2.02 and the highest is $2.13. Entergy Corporation posted earnings per share of $2.31 during the same quarter last year, which would indicate a negative year over year growth rate of 10.8%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, October 24th.
On average, analysts expect that Entergy Corporation will report full-year earnings of $7.05 per share for the current financial year, with EPS estimates ranging from $7.00 to $7.10. For the next financial year, analysts expect that the company will report earnings of $4.84 per share, with EPS estimates ranging from $4.68 to $5.18. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Entergy Corporation.
Entergy Corporation (NYSE:ETR) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $1.91. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.44 billion. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. During the same quarter last year, the business posted $3.16 EPS.
A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Entergy Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. ValuEngine cut shares of Entergy Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub raised shares of Entergy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Morgan Stanley increased their price target on shares of Entergy Corporation from $82.00 to $84.00 and gave the company an “underweight” rating in a report on Friday. Finally, Wells Fargo & Company raised their target price on shares of Entergy Corporation from $83.50 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, May 31st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $78.33.
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Shares of Entergy Corporation (NYSE ETR) traded down 0.29% during trading on Tuesday, hitting $80.11. The stock had a trading volume of 45,380 shares. The stock’s 50 day moving average is $77.82 and its 200 day moving average is $76.96. Entergy Corporation has a 52 week low of $66.71 and a 52 week high of $81.83. The stock’s market capitalization is $14.38 billion.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 10th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.33%. Entergy Corporation’s dividend payout ratio (DPR) is -69.74%.
In other news, insider Haley Fisackerly sold 500 shares of Entergy Corporation stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $77.17, for a total value of $38,585.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alexis M. Herman sold 995 shares of Entergy Corporation stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $76.38, for a total value of $75,998.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,495 shares of company stock valued at $271,313. 0.24% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. boosted its position in Entergy Corporation by 46.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 410 shares in the last quarter. V Wealth Management LLC acquired a new position in Entergy Corporation in the second quarter valued at $106,000. Advisory Services Network LLC increased its stake in Entergy Corporation by 2.1% in the second quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock valued at $179,000 after purchasing an additional 49 shares during the last quarter. Parallel Advisors LLC increased its stake in Entergy Corporation by 291.6% in the first quarter. Parallel Advisors LLC now owns 2,377 shares of the utilities provider’s stock valued at $182,000 after purchasing an additional 1,770 shares during the last quarter. Finally, Tiedemann Wealth Management LLC acquired a new position in Entergy Corporation in the first quarter valued at $203,000. 84.07% of the stock is currently owned by institutional investors.
Entergy Corporation 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.
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