Brokerages Expect Duke Energy Co. (NYSE:DUK) Will Post Quarterly Sales of $6.46 Billion

Equities analysts expect that Duke Energy Co. (NYSE:DUKGet Rating) will report sales of $6.46 billion for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Duke Energy’s earnings, with the lowest sales estimate coming in at $6.38 billion and the highest estimate coming in at $6.55 billion. Duke Energy reported sales of $6.15 billion during the same quarter last year, which would suggest a positive year over year growth rate of 5%. The firm is scheduled to report its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Duke Energy will report full year sales of $26.16 billion for the current year, with estimates ranging from $25.94 billion to $26.53 billion. For the next fiscal year, analysts expect that the firm will report sales of $26.98 billion, with estimates ranging from $26.75 billion to $27.28 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Duke Energy.

Duke Energy (NYSE:DUKGet Rating) last issued its earnings results on Thursday, February 10th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.94. The company had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.81 billion. Duke Energy had a net margin of 15.57% and a return on equity of 8.52%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS.

Several brokerages recently weighed in on DUK. BMO Capital Markets lowered shares of Duke Energy from an “outperform” rating to a “market perform” rating in a report on Friday, January 7th. Bank of America raised shares of Duke Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $108.00 to $110.00 in a research report on Monday, February 14th. Citigroup began coverage on shares of Duke Energy in a report on Tuesday, March 22nd. They set a “buy” rating and a $120.00 target price for the company. KeyCorp upped their price objective on shares of Duke Energy from $110.00 to $119.00 and gave the stock an “overweight” rating in a research report on Thursday, April 7th. Finally, StockNews.com started coverage on shares of Duke Energy in a report on Thursday, March 31st. They set a “hold” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $110.40.

NYSE:DUK opened at $114.85 on Friday. The company has a market cap of $88.42 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 3.40 and a beta of 0.35. The firm’s 50-day moving average is $106.23 and its 200-day moving average is $103.42. Duke Energy has a 52-week low of $95.48 and a 52-week high of $115.96. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.42 and a current ratio of 0.62.

In related news, CFO Steven K. Young sold 415 shares of the company’s stock in a transaction dated Tuesday, February 1st. The shares were sold at an average price of $104.55, for a total value of $43,388.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Lynn J. Good sold 20,000 shares of the company’s stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $98.57, for a total transaction of $1,971,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,852 shares of company stock worth $3,549,183. 0.10% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of DUK. Masso Torrence Wealth Management Inc. purchased a new position in Duke Energy in the 4th quarter worth about $33,000. Quent Capital LLC purchased a new position in Duke Energy in the 4th quarter worth about $35,000. PFG Private Wealth Management LLC purchased a new stake in shares of Duke Energy during the 3rd quarter valued at about $36,000. Econ Financial Services Corp purchased a new stake in shares of Duke Energy during the 4th quarter valued at about $38,000. Finally, Chilton Capital Management LLC purchased a new stake in shares of Duke Energy during the 4th quarter valued at about $40,000. 62.12% of the stock is owned by institutional investors and hedge funds.

Duke Energy Company Profile (Get Rating)

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity.

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