Analysts Expect Dynegy Inc. (DYN) to Announce -$0.22 Earnings Per Share
Analysts expect that Dynegy Inc. (NYSE:DYN) will announce ($0.22) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Dynegy’s earnings, with the lowest EPS estimate coming in at ($0.28) and the highest estimate coming in at ($0.16). Dynegy reported earnings per share of ($1.35) in the same quarter last year, which suggests a positive year-over-year growth rate of 83.7%. The company is scheduled to report its next earnings report on Wednesday, August 2nd.
On average, analysts expect that Dynegy will report full year earnings of ($0.95) per share for the current financial year. For the next financial year, analysts anticipate that the company will post earnings of $0.29 per share, with EPS estimates ranging from $0.16 to $0.53. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Dynegy.
Dynegy (NYSE:DYN) last posted its earnings results on Thursday, May 4th. The utilities provider reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.45) by $0.42. Dynegy had a negative net margin of 14.25% and a negative return on equity of 14.18%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion.
A number of brokerages recently issued reports on DYN. BidaskClub raised shares of Dynegy from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Deutsche Bank AG raised shares of Dynegy from a “sell” rating to a “hold” rating and lifted their price target for the company from $6.00 to $7.00 in a research report on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $10.54.
A number of hedge funds and other institutional investors have recently modified their holdings of DYN. Vanguard Group Inc. boosted its position in shares of Dynegy by 2.9% in the first quarter. Vanguard Group Inc. now owns 9,161,891 shares of the utilities provider’s stock valued at $72,013,000 after buying an additional 262,194 shares during the period. State Street Corp boosted its position in shares of Dynegy by 2.3% in the first quarter. State Street Corp now owns 2,260,225 shares of the utilities provider’s stock valued at $17,767,000 after buying an additional 50,113 shares during the period. Neuberger Berman Group LLC boosted its position in shares of Dynegy by 2.8% in the first quarter. Neuberger Berman Group LLC now owns 1,249,970 shares of the utilities provider’s stock valued at $9,825,000 after buying an additional 33,672 shares during the period. ANTIPODES PARTNERS Ltd boosted its position in shares of Dynegy by 6.1% in the second quarter. ANTIPODES PARTNERS Ltd now owns 1,077,811 shares of the utilities provider’s stock valued at $8,913,000 after buying an additional 62,166 shares during the period. Finally, Bank of Nova Scotia purchased a new position in shares of Dynegy during the first quarter valued at about $7,781,000.
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Dynegy (NYSE DYN) traded up 4.85% during midday trading on Monday, hitting $8.64. 3,928,584 shares of the company were exchanged. Dynegy has a 1-year low of $5.84 and a 1-year high of $18.17. The firm’s market capitalization is $1.13 billion. The stock has a 50 day moving average of $8.08 and a 200 day moving average of $8.11.
Dynegy Inc (Dynegy) is a holding company and conducts the business operations through its subsidiaries. The primary business of Dynegy is the production and sale of electric energy, capacity and ancillary services from the fleet of 18 operating power plants in six states totaling approximately 12,300 megawatt (MW) of generating capacity.
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