NRG Energy (NYSE:NRG) is scheduled to be announcing its earnings results before the market opens on Thursday, November 8th. Analysts expect the company to announce earnings of $2.18 per share for the quarter.
NRG Energy (NYSE:NRG) last released its earnings results on Thursday, August 2nd. The utilities provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.55). The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.72 billion. NRG Energy had a positive return on equity of 29.44% and a negative net margin of 9.30%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned $0.36 earnings per share. On average, analysts expect NRG Energy to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
NRG Energy stock opened at $36.19 on Thursday. The company has a market capitalization of $10.79 billion, a PE ratio of 33.20 and a beta of 1.06. The company has a current ratio of 1.30, a quick ratio of 1.17 and a debt-to-equity ratio of 7.16. NRG Energy has a fifty-two week low of $23.75 and a fifty-two week high of $38.25.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Wednesday, October 31st. NRG Energy’s dividend payout ratio (DPR) is currently 11.01%.
Several research analysts have recently weighed in on NRG shares. Citigroup downgraded shares of NRG Energy from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research report on Monday, July 30th. ValuEngine raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Saturday, October 6th. Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research report on Monday, July 9th. Macquarie lifted their target price on shares of NRG Energy from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, September 20th. Finally, SunTrust Banks lifted their target price on shares of NRG Energy from $35.00 to $36.00 and gave the stock a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $38.17.
In related news, SVP David Callen sold 9,200 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $33.21, for a total transaction of $305,532.00. Following the completion of the sale, the senior vice president now directly owns 39,759 shares in the company, valued at $1,320,396.39. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Elizabeth R. Killinger sold 24,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $35.84, for a total transaction of $881,664.00. Following the sale, the executive vice president now owns 106,125 shares of the company’s stock, valued at $3,803,520. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 92,975 shares of company stock valued at $3,265,286. 0.38% of the stock is currently owned by corporate insiders.
About NRG Energy
NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.
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