Zacks: Brokerages Expect Entergy Co. (ETR) Will Announce Quarterly Sales of $2.33 Billion

Analysts expect Entergy Co. (NYSE:ETR) to post $2.33 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Entergy’s earnings. The highest sales estimate is $2.65 billion and the lowest is $2.00 billion. Entergy posted sales of $2.65 billion during the same quarter last year, which suggests a negative year over year growth rate of 12.1%. The company is scheduled to report its next earnings results before the market opens on Friday, February 23rd.

On average, analysts expect that Entergy will report full year sales of $2.33 billion for the current financial year, with estimates ranging from $10.36 billion to $12.14 billion. For the next fiscal year, analysts anticipate that the business will post sales of $11.27 billion per share, with estimates ranging from $10.72 billion to $12.35 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Entergy.

A number of equities analysts recently issued reports on the company. UBS Group assumed coverage on Entergy in a report on Friday. They issued a “neutral” rating and a $82.00 target price on the stock. Guggenheim restated a “buy” rating and issued a $101.00 target price on shares of Entergy in a report on Wednesday, January 3rd. Morgan Stanley lifted their target price on Entergy from $86.00 to $88.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Bank of America upgraded Entergy from a “neutral” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Tuesday, December 12th. Finally, TheStreet cut Entergy from a “b-” rating to a “c+” rating in a research report on Wednesday, December 6th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $84.36.

In related news, insider Charles L. Rice, Jr. sold 9,234 shares of Entergy stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $86.24, for a total transaction of $796,340.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marcus V. Brown sold 3,000 shares of Entergy stock in a transaction on Monday, November 13th. The shares were sold at an average price of $86.42, for a total value of $259,260.00. Following the sale, the executive vice president now directly owns 22,264 shares of the company’s stock, valued at approximately $1,924,054.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,234 shares of company stock valued at $1,656,230. Insiders own 0.24% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Clarus Wealth Advisors acquired a new stake in shares of Entergy in the fourth quarter worth about $336,000. Calton & Associates Inc. acquired a new stake in shares of Entergy in the fourth quarter worth about $130,000. American Century Companies Inc. lifted its position in shares of Entergy by 1.6% in the fourth quarter. American Century Companies Inc. now owns 259,451 shares of the utilities provider’s stock worth $21,117,000 after buying an additional 4,103 shares during the last quarter. Raymond James Trust N.A. lifted its position in shares of Entergy by 12.4% in the fourth quarter. Raymond James Trust N.A. now owns 7,072 shares of the utilities provider’s stock worth $576,000 after buying an additional 779 shares during the last quarter. Finally, Columbus Macro LLC acquired a new stake in shares of Entergy in the fourth quarter worth about $469,000. 83.14% of the stock is owned by institutional investors.

Entergy (NYSE:ETR) opened at $74.41 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $13,695.50, a price-to-earnings ratio of 11.24, a P/E/G ratio of 2.13 and a beta of 0.50. Entergy has a 1-year low of $69.63 and a 1-year high of $87.95.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 8th will be given a dividend of $0.89 per share. The ex-dividend date is Wednesday, February 7th. This represents a $3.56 dividend on an annualized basis and a yield of 4.78%. Entergy’s payout ratio is -72.06%.

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About Entergy

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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