Entergy Corporation (NYSE:ETR) Expected to Announce Earnings of $1.34 Per Share

Wall Street brokerages expect Entergy Corporation (NYSE:ETRGet Rating) to announce earnings per share (EPS) of $1.34 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Entergy’s earnings, with the lowest EPS estimate coming in at $1.23 and the highest estimate coming in at $1.46. Entergy reported earnings per share of $1.47 during the same quarter last year, which would suggest a negative year-over-year growth rate of 8.8%. The company is scheduled to issue its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Entergy will report full year earnings of $6.34 per share for the current year, with EPS estimates ranging from $6.30 to $6.35. For the next financial year, analysts forecast that the company will post earnings of $6.74 per share, with EPS estimates ranging from $6.72 to $6.77. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Entergy.

Entergy (NYSE:ETRGet Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The utilities provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.06. Entergy had a net margin of 9.53% and a return on equity of 10.85%. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the firm posted $0.71 EPS.

ETR has been the topic of several research analyst reports. Vertical Research lowered shares of Entergy from a “buy” rating to a “hold” rating and set a $117.00 target price on the stock. in a research report on Monday, January 10th. Morgan Stanley decreased their price objective on shares of Entergy from $105.00 to $100.00 and set an “underweight” rating on the stock in a research report on Friday, February 18th. Wells Fargo & Company boosted their price objective on shares of Entergy from $120.00 to $135.00 in a research report on Monday, April 4th. Finally, StockNews.com started coverage on shares of Entergy in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $116.00.

In related news, CEO Leo P. Denault sold 19,783 shares of the company’s stock in a transaction that occurred on Tuesday, April 5th. The stock was sold at an average price of $120.66, for a total transaction of $2,387,016.78. Following the sale, the chief executive officer now directly owns 396,646 shares of the company’s stock, valued at approximately $47,859,306.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Peter S. Norgeot, Jr. sold 2,360 shares of the company’s stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $120.00, for a total value of $283,200.00. Following the sale, the senior vice president now directly owns 25,355 shares in the company, valued at $3,042,600. The disclosure for this sale can be found here. In the last 90 days, insiders sold 221,251 shares of company stock valued at $25,937,864. 0.37% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of ETR. CNB Bank acquired a new position in shares of Entergy during the first quarter valued at $27,000. Sandy Cove Advisors LLC acquired a new position in shares of Entergy during the fourth quarter valued at $29,000. MUFG Americas Holdings Corp increased its holdings in shares of Entergy by 102.9% during the third quarter. MUFG Americas Holdings Corp now owns 280 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 142 shares during the period. Missouri Trust & Investment Co bought a new position in Entergy during the fourth quarter valued at about $33,000. Finally, Denali Advisors LLC boosted its stake in Entergy by 50.0% during the fourth quarter. Denali Advisors LLC now owns 300 shares of the utilities provider’s stock valued at $34,000 after buying an additional 100 shares in the last quarter. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE ETR opened at $124.20 on Thursday. The firm has a market capitalization of $24.96 billion, a P/E ratio of 22.42, a PEG ratio of 3.23 and a beta of 0.64. Entergy has a one year low of $98.50 and a one year high of $124.76. The company’s fifty day moving average is $111.89 and its two-hundred day moving average is $108.40. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.39 and a current ratio of 0.59.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Thursday, May 5th will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Wednesday, May 4th. Entergy’s dividend payout ratio is presently 72.92%.

About Entergy (Get Rating)

Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution, and sale of electric power and the operations of a natural gas distribution business.

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Earnings History and Estimates for Entergy (NYSE:ETR)

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