$1.40 EPS Expected for Duke Energy Co. (NYSE:DUK) This Quarter

Equities analysts expect Duke Energy Co. (NYSE:DUK – Get Rating) to report earnings per share (EPS) of $1.40 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Duke Energy’s earnings, with the lowest EPS estimate coming in at $1.34 and the highest estimate coming in at $1.47. Duke Energy reported earnings per share of $1.26 in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.1%. The business is scheduled to announce its next quarterly earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Duke Energy will report full year earnings of $5.47 per share for the current financial year, with EPS estimates ranging from $5.45 to $5.51. For the next fiscal year, analysts forecast that the company will post earnings of $5.79 per share, with EPS estimates ranging from $5.73 to $5.88. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Duke Energy.

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

A number of research analysts have issued reports on DUK shares. StockNews.com began coverage on Duke Energy in a research report on Thursday, March 31st. They set a “hold” rating for the company. Morgan Stanley boosted their price objective on Duke Energy from $107.00 to $113.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 22nd. Citigroup assumed coverage on Duke Energy in a research report on Tuesday, March 22nd. They set a “buy” rating and a $120.00 target price on the stock. KeyCorp boosted their target price on Duke Energy from $110.00 to $119.00 and gave the stock an “overweight” rating in a research report on Thursday, April 7th. Finally, BMO Capital Markets lowered Duke Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, January 7th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $110.40.

Shares of NYSE DUK opened at $114.85 on Thursday. Duke Energy has a twelve month low of $95.48 and a twelve month high of $115.96. The company has a market capitalization of $88.42 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 3.39 and a beta of 0.35. The company has a current ratio of 0.62, a quick ratio of 0.42 and a debt-to-equity ratio of 1.23. The business has a 50 day simple moving average of $106.23 and a 200-day simple moving average of $103.45.

In related news, CFO Steven K. Young sold 415 shares of the business’s stock in a transaction that occurred on Tuesday, February 1st. The stock was 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Julia S. Janson sold 3,876 shares of the business’s stock in a transaction that occurred on Wednesday, March 23rd. The shares were sold at an average price of $107.19, for a total transaction of $415,468.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,852 shares of company stock worth $3,549,183. 0.10% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the company. Masso Torrence Wealth Management Inc. bought a new stake in shares of Duke Energy in the fourth quarter worth $33,000. Quent Capital LLC bought a new position in shares of Duke Energy during the 4th quarter worth about $35,000. Econ Financial Services Corp bought a new position in shares of Duke Energy during the 4th quarter worth about $38,000. DeDora Capital Inc. bought a new position in shares of Duke Energy during the 1st quarter worth about $40,000. Finally, PFG Private Wealth Management LLC acquired a new stake in shares of Duke Energy in the 3rd quarter worth about $36,000. Institutional investors own 62.12% of the company’s stock.

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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