Entergy Corporation (ETR) Announces Earnings Results
Entergy Corporation (NYSE:ETR) posted its quarterly earnings data on Tuesday. The utilities provider reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.11, Bloomberg Earnings reports. 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. Entergy Corporation updated its FY17 guidance to $6.80-7.40 EPS.
Entergy Corporation (NYSE ETR) opened at 85.98 on Wednesday. The firm’s market cap is $15.44 billion. The stock has a 50 day moving average price of $79.79 and a 200-day moving average price of $77.96. Entergy Corporation has a one year low of $66.71 and a one year high of $86.40.
In related news, insider Richard C. Riley sold 2,000 shares of Entergy Corporation stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $85.00, for a total value of $170,000.00. Following the sale, the insider now owns 27,264 shares of the company’s stock, valued at approximately $2,317,440. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alexis M. Herman sold 995 shares of Entergy Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $76.38, for a total value of $75,998.10. The disclosure for this sale can be found here. In the last three months, insiders sold 31,539 shares of company stock worth $2,608,647. 0.24% of the stock is owned by insiders.
ETR has been the subject of a number of analyst reports. ValuEngine raised shares of Entergy Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. J P Morgan Chase & Co upped their price objective on shares of Entergy Corporation from $83.00 to $84.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Bank of America Corporation initiated coverage on shares of Entergy Corporation in a research note on Tuesday. They set a “neutral” rating and a $86.00 price objective for the company. Wells Fargo & Company reaffirmed an “outperform” rating and set a $96.00 price objective (up from $90.00) on shares of Entergy Corporation in a research note on Wednesday. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $78.00 price objective on shares of Entergy Corporation in a research note on Thursday, July 6th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $81.83.
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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