Entergy Corporation (ETR) Issues FY17 Earnings Guidance
Entergy Corporation (NYSE:ETR) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $6.80-7.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.91.
A number of equities research analysts have recently issued reports on ETR shares. Morgan Stanley lifted their price target on shares of Entergy Corporation from $79.00 to $82.00 and gave the company an underweight rating in a research report on Thursday, August 10th. BidaskClub upgraded shares of Entergy Corporation from a sell rating to a hold rating in a research report on Wednesday, August 2nd. Jefferies Group LLC reiterated a hold rating on shares of Entergy Corporation in a research report on Friday, August 11th. BMO Capital Markets reiterated a hold rating and set a $78.00 price target on shares of Entergy Corporation in a research report on Friday, August 4th. Finally, Citigroup Inc. upgraded shares of Entergy Corporation from a neutral rating to a buy rating and set a $91.00 price target for the company in a research report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $79.33.
Entergy Corporation (NYSE:ETR) opened at 85.23 on Tuesday. Entergy Corporation has a 52 week low of $66.71 and a 52 week high of $85.99. The stock’s 50 day moving average is $79.62 and its 200-day moving average is $77.89. The stock’s market capitalization is $15.30 billion.
Entergy Corporation (NYSE:ETR) last released its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, beating the consensus estimate of $2.16 by $0.19. Entergy Corporation had a negative net margin of 7.98% and a positive return on equity of 14.08%. During the same quarter last year, the firm earned $2.31 earnings per share. Equities research analysts forecast that Entergy Corporation will post $6.75 EPS for the current year.
In related news, insider Haley Fisackerly sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $77.17, for a total value of $38,585.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexis M. Herman sold 995 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $76.38, for a total transaction of $75,998.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,539 shares of company stock valued at $2,608,647. 0.24% of the stock is owned by insiders.
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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