Duke Energy Corp (DUK) Announces Quarterly Earnings, Beats Expectations By $0.05 EPS
Duke Energy Corp (NYSE:DUK) announced its earnings results on Wednesday. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.05, Analyst RN reports. The company had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $6.44 billion.
DUK has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Duke Energy Corp in a research note on Tuesday. They now have a $77.00 price target on the stock. On the ratings front, analysts at Deutsche Bank reiterated a “buy” rating on shares of Duke Energy Corp in a research note on Wednesday, April 23rd. They now have a $77.00 price target on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Duke Energy Corp from $77.00 to $78.00 in a research note on Thursday, April 10th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Duke Energy Corp has an average rating of “Buy” and an average target price of $71.18.
Shares of Duke Energy Corp (NYSE:DUK) opened at 73.07 on Wednesday. Duke Energy Corp has a 1-year low of $64.16 and a 1-year high of $75.13. The stock has a 50-day moving average of $71.77 and a 200-day moving average of $70.54. The company has a market cap of $51.621 billion and a price-to-earnings ratio of 19.54.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 16th. Shareholders of record on Friday, May 16th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Wednesday, May 14th.
Duke Energy Corporation (NYSE:DUK) is an energy company.
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