Entergy Co. (ETR) Updates Q1 Earnings Guidance
Entergy Co. (NYSE:ETR) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share guidance of ~$2.28 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.15, AnalystRatingsNetwork reports. Entergy also updated its FY14 guidance to $5.55-6.75 EPS.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Entergy from $65.00 to $70.50 in a research note on Monday. They now have a hold rating on the stock. On a related note, analysts at TheStreet upgraded shares of Entergy from a hold rating to a buy rating in a research note on Tuesday, April 8th. Finally, analysts at BMO Capital Markets raised their price target on shares of Entergy from $63.00 to $70.00 in a research note on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Entergy has a consensus rating of Hold and a consensus target price of $66.23.
Entergy Co. (NYSE:ETR) opened at 70.95 on Tuesday. Entergy Co. has a 52-week low of $60.22 and a 52-week high of $72.60. The stock has a 50-day moving average of $65.75 and a 200-day moving average of $63.89. The company has a market cap of $12.669 billion and a P/E ratio of 17.63.
Entergy (NYSE:ETR) last announced its earnings results on Tuesday, February 11th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.72 earnings per share. On average, analysts predict that Entergy Co. will post $5.33 earnings per share for the current fiscal year.
In other Entergy news, CAO Alyson Mount sold 4,929 shares of the company’s stock on the open market in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $70.50, for a total value of $347,494.50. Following the sale, the chief accounting officer now directly owns 5,800 shares in the company, valued at approximately $408,900. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Entergy Corporation (NYSE:ETR) is an integrated energy company engaged primarily in electric power production and retail distribution operations.
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