Dynegy Inc. (DYN) Scheduled to Post Quarterly Earnings on Wednesday
Dynegy Inc. (NYSE:DYN) will announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.98 per share for the quarter.
Dynegy (NYSE:DYN) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported ($0.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.61). Dynegy had a negative return on equity of 12.97% and a negative net margin of 2.72%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $972.27 million. On average, analysts expect Dynegy to post $-0.95 EPS for the current fiscal year and $0.28 EPS for the next fiscal year.
Dynegy Inc. (NYSE DYN) opened at 9.21 on Wednesday. The firm’s 50-day moving average price is $9.43 and its 200 day moving average price is $8.41. Dynegy Inc. has a 12-month low of $5.84 and a 12-month high of $11.33. The firm’s market cap is $1.21 billion.
A number of analysts have weighed in on DYN shares. Zacks Investment Research cut shares of Dynegy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Bank of America Corporation initiated coverage on shares of Dynegy in a research note on Tuesday. They issued a “buy” rating and a $11.00 price objective on the stock. BidaskClub raised shares of Dynegy from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. SunTrust Banks, Inc. reissued a “buy” rating on shares of Dynegy in a research note on Friday, October 13th. Finally, Deutsche Bank AG cut shares of Dynegy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $11.00.
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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.
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