Dynegy Inc. (NYSE:DYN) to Release Quarterly Earnings on Thursday
Dynegy Inc. (NYSE:DYN) is set to issue its quarterly earnings data after the market closes on Thursday, August 3rd. Analysts expect the company to announce earnings of ($0.22) per share for the quarter.
Dynegy (NYSE:DYN) last released its earnings results on Thursday, May 4th. The utilities provider reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.42. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion. Dynegy had a negative return on equity of 14.18% and a negative net margin of 14.25%. On average, analysts expect Dynegy to post $-0.95 EPS for the current fiscal year and $0.32 EPS for the next fiscal year.
Dynegy Inc. (DYN) traded up 1.74% on Thursday, hitting $8.76. The stock had a trading volume of 1,409,552 shares. The company’s 50 day moving average price is $8.23 and its 200-day moving average price is $8.08. The company’s market cap is $1.15 billion. Dynegy Inc. has a 12-month low of $5.84 and a 12-month high of $16.17.
Several analysts recently issued reports on DYN shares. Deutsche Bank AG upgraded Dynegy from a “sell” rating to a “hold” rating and increased their price objective for the stock from $6.00 to $7.00 in a report on Wednesday, April 26th. BidaskClub upgraded Dynegy from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Barclays PLC reiterated a “buy” rating and set a $13.00 price objective on shares of Dynegy in a report on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $10.39.
COPYRIGHT VIOLATION NOTICE: This report was published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2017/07/27/dynegy-inc-nysedyn-to-release-quarterly-earnings-on-thursday.html.
Dynegy Company Profile
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.
Receive News & Ratings for Dynegy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynegy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.