CMS Energy Corp. (CMS) Set to Announce Quarterly Earnings on Thursday
CMS Energy Corp. (NYSE:CMS) will announce its earnings results on Thursday, April 24th. Investors interested in participating in the company’s conference call can do so using this link.
CMS Energy Corp. (NYSE:CMS) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.37 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.37. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.90 billion. On average, analysts expect CMS Energy Corp. to post $1.76 EPS for the current fiscal year and $1.86 EPS for the next fiscal year.
CMS Energy Corp. (NYSE:CMS) opened at 29.70 on Wednesday. CMS Energy Corp. has a 1-year low of $25.74 and a 1-year high of $30.31. The stock has a 50-day moving average of $28.91 and a 200-day moving average of $27.57. The company has a market cap of $7.904 billion and a price-to-earnings ratio of 17.87.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 30th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Wednesday, April 30th.
A number of analysts have recently weighed in on CMS shares. Analysts at Zacks reiterated a “neutral” rating on shares of CMS Energy Corp. in a research note on Wednesday, April 16th. They now have a $31.00 price target on the stock. On the ratings front, analysts at Credit Suisse initiated coverage on shares of CMS Energy Corp. in a research note on Monday, March 10th. They set an “outperform” rating on the stock. Finally, analysts at ISI Group raised their price target on shares of CMS Energy Corp. from $27.50 to $28.00 in a research note on Friday, January 31st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. CMS Energy Corp. has an average rating of “Buy” and an average price target of $29.94.
CMS Energy Corporation (NYSE:CMS) is an energy company operating primarily in Michigan.
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