Cleco Corp. (CNL) Set to Announce Quarterly Earnings on Thursday
Cleco Corp. (NYSE:CNL) is set to issue its Q313 quarterly earnings data on Thursday, October 31st. Analysts expect the company to announce earnings of $1.06 per share and revenue of $319.29 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Shares of Cleco Corp. (NYSE:CNL) opened at 47.45 on Wednesday. Cleco Corp. has a 52 week low of $38.46 and a 52 week high of $50.42. The stock’s 50-day moving average is $46.52 and its 200-day moving average is $46.52. The company has a market cap of $2.868 billion and a P/E ratio of 18.46.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Tuesday, November 5th will be given a dividend of $0.36 per share. This represents a $1.45 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Friday, November 1st.
On a related note, analysts at Ladenburg Thalmann cut their price target on shares of Cleco Corp. from $50.00 to $47.00 in a research note to investors on Friday, September 27th. They now have a “neutral” rating on the stock.
Cleco Corporation (NYSE:CNL) is a public utility holding company which holds investments in several subsidiaries, including Cleco Power LLC and its subsidiaries (Cleco Power) and Cleco Midstream Resources LLC (Midstream), which are its operating business segments.
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