Jefferies Group Weighs in on Entergy Corporation’s Q3 2017 Earnings (ETR)
Entergy Corporation (NYSE:ETR) – Research analysts at Jefferies Group issued their Q3 2017 earnings estimates for Entergy Corporation in a research report issued to clients and investors on Thursday. Jefferies Group analyst A. Crowdell anticipates that the utilities provider will post earnings of $2.13 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $78.00 price target on the stock. Jefferies Group also issued estimates for Entergy Corporation’s Q4 2017 earnings at $0.72 EPS and FY2017 earnings at $7.00 EPS.
Entergy Corporation (NYSE:ETR) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $1.91. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Entergy Corporation had a negative net margin of 7.98% and a positive return on equity of 14.08%. During the same period in the previous year, the company posted $3.16 EPS. ILLEGAL ACTIVITY WARNING: This news story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/08/07/jefferies-group-weighs-in-on-entergy-corporations-q3-2017-earnings-etr.html.
A number of other equities research analysts have also recently issued reports on the company. Deutsche Bank AG raised their target price on Entergy Corporation from $75.00 to $77.00 and gave the company a “hold” rating in a research note on Tuesday, April 11th. ValuEngine cut Entergy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research cut Entergy Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. BidaskClub cut Entergy Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Finally, Wells Fargo & Company raised their target price on Entergy Corporation from $83.50 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, May 31st. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $78.46.
Entergy Corporation (ETR) opened at 76.88 on Monday. The firm’s market capitalization is $13.80 billion. Entergy Corporation has a 52 week low of $66.71 and a 52 week high of $81.83. The firm has a 50-day moving average of $77.14 and a 200 day moving average of $75.66.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 10th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend is Tuesday, August 8th. Entergy Corporation’s dividend payout ratio is currently -69.74%.
In related news, insider Haley Fisackerly sold 600 shares of Entergy Corporation stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $75.92, for a total transaction of $45,552.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.24% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised 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 worth $100,000 after buying an additional 410 shares during the last quarter. V Wealth Management LLC purchased a new position in Entergy Corporation during the second quarter worth about $106,000. Ledyard National Bank purchased a new position in Entergy Corporation during the first quarter worth about $123,000. Advisory Services Network LLC purchased a new position in Entergy Corporation during the first quarter worth about $174,000. Finally, Parallel Advisors LLC raised 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 worth $182,000 after buying an additional 1,770 shares during the last quarter. 83.29% 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.
Receive News & Ratings for Entergy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.