Entergy Given Average Recommendation of “Hold” by Analysts (NYSE:ETR)
Shares of Entergy (NYSE:ETR) have received a consensus rating of “Hold” from the fifteen brokerages that are presently covering the company, AnalystRatingsNetwork reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $75.55.
A number of research firms have recently commented on ETR. Analysts at Jefferies Group cut their price target on shares of Entergy from $81.00 to $72.00 in a research note on Wednesday, July 30th. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Entergy in a research note on Friday, July 25th. They now have a $91.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Entergy in a research note on Wednesday, July 23rd. They now have a $80.00 price target on the stock, up previously from $79.00.
Shares of Entergy (NYSE:ETR) opened at 72.09 on Friday. Entergy has a 1-year low of $60.22 and a 1-year high of $82.48. The stock has a 50-day moving average of $77.27 and a 200-day moving average of $71.05. The company has a market cap of $12.947 billion and a price-to-earnings ratio of 13.10.
Entergy (NYSE:ETR) last released its earnings data on Tuesday, July 29th. The company reported $1.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.16 by $0.05. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the prior year, the company posted $1.01 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Analysts expect that Entergy will post $6.16 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Thursday, August 14th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Tuesday, August 12th.
Entergy Corporation (NYSE:ETR) is an integrated energy company engaged primarily in electric power production and retail distribution operations.
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