Duke Energy (DUK) Scheduled to Post Quarterly Earnings on Tuesday

Duke Energy (NYSE:DUK) is scheduled to announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.39 per share for the quarter. Duke Energy has set its FY24 guidance at $5.85-6.10 EPS and its FY 2024 guidance at 5.850-6.100 EPS.Investors interested in listening to the company’s conference call can do so using this link.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). The business had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.24 billion. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.11 EPS. On average, analysts expect Duke Energy to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Duke Energy Stock Performance

NYSE DUK opened at $98.69 on Tuesday. The business’s 50-day simple moving average is $94.98 and its 200-day simple moving average is $93.87. The firm has a market capitalization of $76.14 billion, a P/E ratio of 27.80, a P/E/G ratio of 2.60 and a beta of 0.46. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49. Duke Energy has a 1-year low of $83.06 and a 1-year high of $100.13.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DUK shares. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Bank of America upped their target price on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Wells Fargo & Company cut their target price on Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Mizuho upped their target price on Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Finally, BMO Capital Markets cut their target price on Duke Energy from $101.00 to $99.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $100.62.

Insider Activity

In related news, EVP Louis E. Renjel sold 3,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction of $277,710.00. Following the completion of the transaction, the executive vice president now directly owns 14,213 shares in the company, valued at approximately $1,315,697.41. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.14% of the company’s stock.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.