CenterPoint Energy, Inc. (NYSE:CNP) Expected to Post Earnings of $0.47 Per Share

Wall Street brokerages expect that CenterPoint Energy, Inc. (NYSE:CNPGet Rating) will report earnings of $0.47 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for CenterPoint Energy’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.45. CenterPoint Energy posted earnings per share of $0.59 during the same quarter last year, which would suggest a negative year over year growth rate of 20.3%. The company is expected to issue its next quarterly earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that CenterPoint Energy will report full-year earnings of $1.38 per share for the current fiscal year, with EPS estimates ranging from $1.37 to $1.40. For the next year, analysts expect that the firm will post earnings of $1.49 per share, with EPS estimates ranging from $1.48 to $1.51. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for CenterPoint Energy.

CenterPoint Energy (NYSE:CNPGet Rating) last announced its earnings results on Tuesday, February 22nd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.05. CenterPoint Energy had a return on equity of 14.46% and a net margin of 17.79%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the company posted $0.29 EPS.

Several research firms recently issued reports on CNP. StockNews.com began coverage on CenterPoint Energy in a research report on Thursday, March 31st. They set a “sell” rating on the stock. UBS Group raised CenterPoint Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $27.00 to $30.00 in a research note on Tuesday, February 15th. Barclays increased their price target on CenterPoint Energy from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, March 31st. Wells Fargo & Company raised their target price on CenterPoint Energy from $31.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Citigroup raised their target price on CenterPoint Energy from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, February 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CenterPoint Energy presently has a consensus rating of “Buy” and an average price target of $30.85.

A number of large investors have recently bought and sold shares of CNP. JNBA Financial Advisors increased its position in shares of CenterPoint Energy by 335.5% in the 4th quarter. JNBA Financial Advisors now owns 958 shares of the utilities provider’s stock valued at $27,000 after buying an additional 738 shares in the last quarter. PYA Waltman Capital LLC bought a new stake in shares of CenterPoint Energy in the 4th quarter valued at $28,000. KB Financial Partners LLC bought a new stake in shares of CenterPoint Energy in the 4th quarter valued at $34,000. Standard Family Office LLC bought a new stake in shares of CenterPoint Energy in the 4th quarter valued at $36,000. Finally, City State Bank bought a new stake in shares of CenterPoint Energy in the 4th quarter valued at $38,000. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CNP traded up $0.58 during trading on Wednesday, reaching $32.75. The company’s stock had a trading volume of 4,812,808 shares, compared to its average volume of 5,078,220. The company has a fifty day moving average of $29.41 and a two-hundred day moving average of $27.86. CenterPoint Energy has a twelve month low of $23.58 and a twelve month high of $32.90. The company has a market cap of $20.61 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 6.15 and a beta of 0.94. The company has a quick ratio of 1.57, a current ratio of 1.72 and a debt-to-equity ratio of 1.80.

About CenterPoint Energy (Get Rating)

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through Electric and Natural Gas segments. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as assets in the wholesale power market.

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