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.
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.
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