Duke Energy Corp (NYSE:DUK) Expected to Announce Quarterly Sales of $6.15 Billion

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Equities research analysts expect Duke Energy Corp (NYSE:DUK) to report sales of $6.15 billion for the current quarter, according to Zacks. Two analysts have issued estimates for Duke Energy’s earnings, with estimates ranging from $6.12 billion to $6.19 billion. Duke Energy reported sales of $6.12 billion during the same quarter last year, which would suggest a positive year over year growth rate of 0.5%. The company is expected to issue its next quarterly earnings report on Thursday, February 13th.

According to Zacks, analysts expect that Duke Energy will report full-year sales of $25.01 billion for the current year, with estimates ranging from $24.83 billion to $25.20 billion. For the next fiscal year, analysts expect that the firm will post sales of $25.69 billion, with estimates ranging from $25.49 billion to $25.85 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Duke Energy.

Duke Energy (NYSE:DUK) last posted its earnings results on Friday, November 8th. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.10. Duke Energy had a net margin of 14.10% and a return on equity of 8.24%. The firm had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $7.24 billion. During the same quarter in the prior year, the company earned $1.65 EPS. The company’s revenue was up 4.7% on a year-over-year basis.

Several research firms have recently issued reports on DUK. Evercore ISI reissued a “hold” rating and issued a $92.00 price objective on shares of Duke Energy in a research report on Wednesday, December 4th. Morgan Stanley lifted their target price on shares of Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $91.00 to $102.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Barclays upgraded Duke Energy from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 27th. Finally, SunTrust Banks lowered their price target on Duke Energy to $90.00 and set a “hold” rating for the company in a report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $93.91.

Several institutional investors and hedge funds have recently bought and sold shares of DUK. Vanguard Group Inc. increased its stake in Duke Energy by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 59,914,178 shares of the utilities provider’s stock worth $5,286,827,000 after buying an additional 1,102,963 shares during the period. BlackRock Inc. lifted its stake in shares of Duke Energy by 1.8% in the second quarter. BlackRock Inc. now owns 50,433,503 shares of the utilities provider’s stock worth $4,450,250,000 after acquiring an additional 888,787 shares in the last quarter. State Street Corp lifted its stake in shares of Duke Energy by 1.1% in the third quarter. State Street Corp now owns 37,751,534 shares of the utilities provider’s stock worth $3,618,862,000 after acquiring an additional 398,849 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Duke Energy by 4.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 21,318,682 shares of the utilities provider’s stock valued at $2,043,609,000 after purchasing an additional 990,017 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Duke Energy by 43.9% in the second quarter. Invesco Ltd. now owns 11,711,714 shares of the utilities provider’s stock valued at $1,033,443,000 after purchasing an additional 3,574,870 shares during the last quarter. Institutional investors own 60.21% of the company’s stock.

Shares of DUK stock opened at $89.76 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.72 and a debt-to-equity ratio of 1.24. Duke Energy has a fifty-two week low of $82.46 and a fifty-two week high of $97.37. The firm’s 50 day moving average price is $91.06 and its two-hundred day moving average price is $90.66. The stock has a market cap of $65.10 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 3.68 and a beta of 0.05.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $0.945 dividend. This represents a $3.78 annualized dividend and a yield of 4.21%. The ex-dividend date is Thursday, November 14th. Duke Energy’s dividend payout ratio (DPR) is 80.08%.

Duke Energy Company Profile

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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Earnings History and Estimates for Duke Energy (NYSE:DUK)

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