Entergy Corp. (ETR) Releases FY14 Earnings Guidance
Entergy Corp. (NYSE:ETR) updated its FY14 earnings guidance on Tuesday. The company provided EPS guidance of $4.60-5.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.05, Stock Ratings News reports.
A number of research firms have recently commented on ETR. Analysts at Sidoti upgraded shares of Entergy Corp. to a buy rating in a research note on Tuesday, February 4th. On a related note, analysts at Zacks downgraded shares of Entergy Corp. from an outperform rating to a neutral rating in a research note on Tuesday, January 28th. They now have a $64.00 price target on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Entergy Corp. from $68.00 to $60.50 in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $64.77.
Shares of Entergy Corp. (NYSE:ETR) opened at 62.77 on Tuesday. Entergy Corp. has a 1-year low of $60.22 and a 1-year high of $72.60. The stock’s 50-day moving average is $61.98 and its 200-day moving average is $63.70. The company has a market cap of $11.193 billion and a price-to-earnings ratio of 13.19.
Entergy Corp. (NYSE:ETR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.19. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the company posted $1.72 earnings per share. On average, analysts predict that Entergy Corp. will post $5.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 3rd. Shareholders of record on Thursday, February 13th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date of this dividend is Tuesday, February 11th.
Entergy Corporation (NYSE:ETR) is an integrated energy company engaged primarily in electric power production and retail distribution operations.
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