$2.06 EPS Expected for Entergy Corporation (NYSE:ETR) This Quarter
Wall Street brokerages predict that Entergy Corporation (NYSE:ETR) will announce $2.06 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Entergy Corporation’s earnings, with estimates ranging from $2.02 to $2.13. Entergy Corporation posted earnings of $2.31 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 10.8%. The business is expected to announce its next quarterly earnings results on Tuesday, October 24th.
According to Zacks, analysts expect that Entergy Corporation will report full year earnings of $7.00 per share for the current year. For the next year, analysts expect that the firm will report earnings of $4.88 per share, with EPS estimates ranging from $4.68 to $5.20. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Entergy Corporation.
Entergy Corporation (NYSE:ETR) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $1.91. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the previous year, the firm earned $3.16 earnings per share.
Several analysts have recently commented on ETR shares. Zacks Investment Research downgraded Entergy Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Jefferies Group LLC restated a “hold” rating and issued a $72.00 target price on shares of Entergy Corporation in a research note on Wednesday, April 12th. Barclays PLC restated an “equal weight” rating and issued a $78.00 target price (up from $74.00) on shares of Entergy Corporation in a research note on Sunday, April 23rd. Mizuho restated a “neutral” rating and issued a $79.00 target price on shares of Entergy Corporation in a research note on Wednesday, April 19th. Finally, Morgan Stanley raised their target price on Entergy Corporation from $77.00 to $78.00 and gave the company an “underweight” rating in a research note on Monday, May 8th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $78.46.
Shares of Entergy Corporation (ETR) traded up 0.03% during midday trading on Friday, hitting $76.88. The company had a trading volume of 1,068,056 shares. Entergy Corporation has a one year low of $66.71 and a one year high of $81.83. The stock’s 50-day moving average price is $77.14 and its 200-day moving average price is $75.66. The stock’s market capitalization is $13.80 billion.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.87 per share. The ex-dividend date is Tuesday, August 8th. This represents a $3.48 dividend on an annualized basis and a yield of 4.53%. Entergy Corporation’s dividend payout ratio (DPR) is currently -69.74%.
In other Entergy Corporation news, insider Haley Fisackerly sold 600 shares of Entergy Corporation stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $75.92, for a total transaction of $45,552.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. boosted its position in Entergy Corporation by 46.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,300 shares of the utilities provider’s stock valued at $100,000 after buying an additional 410 shares in the last quarter. V Wealth Management LLC purchased a new position in Entergy Corporation during the second quarter valued at approximately $106,000. Ledyard National Bank purchased a new position in Entergy Corporation during the first quarter valued at approximately $123,000. Advisory Services Network LLC purchased a new position in Entergy Corporation during the first quarter valued at approximately $174,000. Finally, Parallel Advisors LLC boosted its position in Entergy Corporation by 291.6% in the first quarter. Parallel Advisors LLC now owns 2,377 shares of the utilities provider’s stock valued at $182,000 after buying an additional 1,770 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.
Entergy Corporation Company Profile
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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