NRG Energy, Inc. (NRG) Posts Quarterly Earnings Results, Misses Expectations By $0.51 EPS
NRG Energy, Inc. (NYSE:NRG) issued its earnings results on Thursday. The utilities provider reported $0.61 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.51), Briefing.com reports. NRG Energy had a positive return on equity of 8.82% and a negative net margin of 13.48%. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the business posted $1.27 EPS. NRG Energy’s revenue was down 10.9% on a year-over-year basis.
NRG Energy (NYSE NRG) traded up $1.63 on Friday, hitting $27.62. The stock had a trading volume of 11,620,000 shares, compared to its average volume of 5,750,000. The company has a quick ratio of 1.07, a current ratio of 1.28 and a debt-to-equity ratio of 4.24. The firm has a market cap of $8,750.00, a PE ratio of 19.24 and a beta of 1.25. NRG Energy has a 1-year low of $10.73 and a 1-year high of $28.09.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.12 annualized dividend and a dividend yield of 0.43%. NRG Energy’s dividend payout ratio (DPR) is currently -4.76%.
Several equities research analysts have recently weighed in on the company. BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Tuesday, July 11th. SunTrust Banks, Inc. reissued a “hold” rating and set a $25.00 target price on shares of NRG Energy in a research report on Friday, October 20th. ValuEngine downgraded NRG Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 27th. Finally, Barclays PLC restated an “overweight” rating and set a $27.00 price target on shares of NRG Energy in a research note on Thursday, July 13th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $24.67.
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NRG Energy Company Profile
NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.
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