Zacks: Analysts Anticipate Entergy Corporation (NYSE:ETR) to Announce $1.40 Earnings Per Share

Equities analysts expect Entergy Corporation (NYSE:ETRGet Rating) to report earnings of $1.40 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Entergy’s earnings. The highest EPS estimate is $1.42 and the lowest is $1.36. Entergy reported earnings of $1.34 per share during the same quarter last year, which indicates a positive year over year growth rate of 4.5%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Entergy will report full-year earnings of $6.34 per share for the current fiscal year, with EPS estimates ranging from $6.29 to $6.35. For the next year, analysts expect that the firm will post earnings of $6.76 per share, with EPS estimates ranging from $6.73 to $6.79. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Entergy.

Entergy (NYSE:ETRGet Rating) last issued its earnings results on Wednesday, April 27th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.06). Entergy had a return on equity of 10.44% and a net margin of 8.99%. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the business earned $1.47 EPS.

A number of analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Entergy from $120.00 to $135.00 in a research note on Monday, April 4th. Morgan Stanley increased their price objective on shares of Entergy from $106.00 to $115.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 20th. StockNews.com began coverage on shares of Entergy in a research note on Thursday, March 31st. They issued a “hold” rating for the company. 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 report on Monday, January 10th. Finally, Credit Suisse Group assumed coverage on shares of Entergy in a research report on Monday, April 25th. They issued an “outperform” rating and a $136.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $121.00.

In related news, CAO Kimberly A. Fontan sold 1,350 shares of the firm’s stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of $111.78, for a total value of $150,903.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Peter S. Norgeot, Jr. sold 2,360 shares of the business’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 owns 25,355 shares in the company, valued at $3,042,600. The disclosure for this sale can be found here. Insiders sold a total of 215,575 shares of company stock valued at $25,391,762 over the last ninety days. 0.37% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CNB Bank acquired a new stake in shares of Entergy in the 1st quarter valued at $27,000. MUFG Americas Holdings Corp grew its holdings in shares of Entergy by 102.9% in the third quarter. MUFG Americas Holdings Corp now owns 280 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 142 shares in the last quarter. Sandy Cove Advisors LLC bought a new position in Entergy during the fourth quarter valued at $29,000. Fairfield Bush & CO. bought a new position in shares of Entergy in the first quarter worth $29,000. Finally, Riverview Trust Co purchased a new stake in shares of Entergy in the first quarter worth $32,000. 88.94% of the stock is owned by hedge funds and other institutional investors.

NYSE ETR traded down $0.12 on Thursday, hitting $119.14. 7,151 shares of the stock were exchanged, compared to its average volume of 1,226,962. The company’s 50-day moving average price is $116.96 and its two-hundred day moving average price is $110.55. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.72 and a quick ratio of 0.49. Entergy has a 52-week low of $98.50 and a 52-week high of $126.82. The company has a market capitalization of $23.94 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 3.10 and a beta of 0.58.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Thursday, May 5th will be given a dividend of $1.01 per share. The ex-dividend date is Wednesday, May 4th. This represents a $4.04 dividend on an annualized basis and a yield of 3.39%. Entergy’s payout ratio is 77.10%.

About Entergy (Get Rating)

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.

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Earnings History and Estimates for Entergy (NYSE:ETR)

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