Entergy Receives Average Recommendation of “Hold” from Analysts (NYSE:ETR)
Shares of Entergy (NYSE:ETR) have received an average recommendation of “Hold” from the fifteen analysts that are covering the stock, AnalystRatingsNetwork reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $75.55.
ETR has been the subject of a number of recent research reports. 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.
Entergy (NYSE:ETR) opened at 72.55 on Friday. Entergy has a one year low of $60.22 and a one year high of $82.48. The stock’s 50-day moving average is $76.72 and its 200-day moving average is $71.21. The company has a market cap of $13.030 billion and a price-to-earnings ratio of 13.30.
Entergy (NYSE:ETR) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.11 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.01 earnings per share. Entergy’s revenue was up 9.4% compared to the same quarter last year. On average, analysts predict that Entergy will post $6.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 4.57%. The ex-dividend date 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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