Duke Energy Corp. (DUK) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS
Duke Energy Corp. (NYSE:DUK) released its earnings data on Tuesday. The company reported $1.00 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.95 by $0.05, Stock Ratings Network.com reports. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.32 billion.
Duke Energy Corp. (NYSE:DUK) opened at 71.45 on Tuesday. Duke Energy Corp. has a 1-year low of $64.16 and a 1-year high of $75.46. The stock’s 50-day moving average is $69.06 and its 200-day moving average is $68.97. The company has a market cap of $50.443 billion and a P/E ratio of 20.97.
A number of analysts have recently weighed in on DUK shares. Analysts at Morgan Stanley downgraded shares of Duke Energy Corp. from an “overweight” rating to an “equal weight” rating in a research note on Monday, January 13th. On a related note, analysts at Barclays cut their price target on shares of Duke Energy Corp. from $78.00 to $72.00 in a research note on Monday, January 6th. They now have an “overweight” rating on the stock. Finally, analysts at BMO Capital Markets upgraded shares of Duke Energy Corp. from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 2nd. They now have a $77.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $70.83.
Duke Energy Corporation (NYSE:DUK) is an energy company.
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