CenterPoint Energy (CNP) Scheduled to Post Quarterly Earnings on Wednesday

Share on StockTwits

CenterPoint Energy (NYSE:CNP) is set to release its earnings data before the market opens on Wednesday, August 7th. Analysts expect CenterPoint Energy to post earnings of $0.33 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings data on Thursday, May 9th. The utilities provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.06). The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.84 billion. CenterPoint Energy had a net margin of 3.39% and a return on equity of 13.31%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS. On average, analysts expect CenterPoint Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of CNP stock opened at $28.55 on Tuesday. CenterPoint Energy has a fifty-two week low of $26.74 and a fifty-two week high of $31.42. The company has a 50 day simple moving average of $29.06. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $14.73 billion, a PE ratio of 17.84, a P/E/G ratio of 3.41 and a beta of 0.46.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.15 dividend on an annualized basis and a yield of 4.03%. CenterPoint Energy’s dividend payout ratio is currently 71.88%.

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of CenterPoint Energy from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, May 15th. Credit Suisse Group set a $33.00 price target on shares of CenterPoint Energy and gave the stock a “buy” rating in a research note on Monday, April 22nd. Mizuho assumed coverage on shares of CenterPoint Energy in a research note on Monday, June 3rd. They issued a “buy” rating and a $31.00 price target for the company. KeyCorp assumed coverage on shares of CenterPoint Energy in a research note on Tuesday, June 4th. They issued a “sector weight” rating for the company. Finally, Goldman Sachs Group lifted their price target on shares of CenterPoint Energy from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. CenterPoint Energy has an average rating of “Buy” and an average price target of $31.69.

In other news, CEO Scott M. Prochazka sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $29.03, for a total transaction of $203,210.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Milton Carroll sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $29.76, for a total transaction of $357,120.00. Following the sale, the chairman now owns 98,301 shares of the company’s stock, valued at approximately $2,925,437.76. The disclosure for this sale can be found here. Insiders sold 52,780 shares of company stock valued at $1,545,396 in the last quarter. 0.24% of the stock is owned by insiders.

CenterPoint Energy Company Profile

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.

Featured Story: Preferred Stock

Earnings History for CenterPoint Energy (NYSE:CNP)

Receive News & Ratings for CenterPoint Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Nuveen Pennsylvania Municipal Value Fund  to Issue $0.04 Dividend
Nuveen Pennsylvania Municipal Value Fund to Issue $0.04 Dividend
Brokerages Set STMicroelectronics NV  Price Target at €19.15
Brokerages Set STMicroelectronics NV Price Target at €19.15
Fox Corp  Receives $45.35 Average PT from Analysts
Fox Corp Receives $45.35 Average PT from Analysts
Nuveen Senior Income Fund  Plans $0.04 Monthly Dividend
Nuveen Senior Income Fund Plans $0.04 Monthly Dividend
Nuveen Intermediate Duration Qlty Mun FD to Issue Monthly Dividend of $0.03
Nuveen Intermediate Duration Qlty Mun FD to Issue Monthly Dividend of $0.03
eBay Inc  Receives $41.52 Consensus Price Target from Brokerages
eBay Inc Receives $41.52 Consensus Price Target from Brokerages


© 2006-2019 Ticker Report