Cleco Corp. (CNL) Set to Announce Quarterly Earnings on Wednesday
Cleco Corp. (NYSE:CNL) is scheduled to be posting its Q413 quarterly earnings results on Wednesday, July 30th. Analysts expect Cleco Corp. to post earnings of $0.65 per share and revenue of $273.94 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Shares of Cleco Corp. (NYSE:CNL) traded down 0.04% during mid-day trading on Tuesday, hitting $56.50. The stock had a trading volume of 104,432 shares. Cleco Corp. has a 52-week low of $43.69 and a 52-week high of $59.21. The stock’s 50-day moving average is $56.09 and its 200-day moving average is $51.4. The company has a market cap of $3.410 billion and a price-to-earnings ratio of 21.49.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Tuesday, August 5th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Friday, August 1st.
On the ratings front, analysts at KeyCorp downgraded shares of Cleco Corp. from a “buy” rating to a “hold” rating in a research note on Friday, June 20th. They now have a $51.50 price target on the stock.
Cleco Corporation (NYSE:CNL) is a public utility holding company which holds investments in several subsidiaries, including Cleco Power LLC and its subsidiaries (Cleco Power) and Cleco Midstream Resources LLC (Midstream), which are its operating business segments.
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