Analysts Expect CMS Energy Co. (NYSE:CMS) to Post $0.48 EPS

Wall Street analysts predict that CMS Energy Co. (NYSE:CMSGet Rating) will post earnings per share of $0.48 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for CMS Energy’s earnings. The highest EPS estimate is $0.54 and the lowest is $0.44. CMS Energy posted earnings of $0.55 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 12.7%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that CMS Energy will report full year earnings of $2.88 per share for the current financial year, with EPS estimates ranging from $2.86 to $2.89. For the next fiscal year, analysts expect that the business will report earnings of $3.11 per share, with EPS estimates ranging from $3.07 to $3.15. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover CMS Energy.

CMS Energy (NYSE:CMSGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.07. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.08 billion. CMS Energy had a return on equity of 11.83% and a net margin of 17.65%. CMS Energy’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.21 earnings per share.

CMS has been the subject of a number of recent research reports. Credit Suisse Group initiated coverage on shares of CMS Energy in a research note on Monday, April 25th. They issued a “neutral” rating and a $76.00 price objective for the company. Mizuho boosted their price objective on shares of CMS Energy from $70.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, April 21st. BMO Capital Markets boosted their price objective on shares of CMS Energy from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 8th. Argus boosted their price objective on shares of CMS Energy from $70.00 to $78.00 in a research note on Friday, April 1st. Finally, Morgan Stanley boosted their price objective on shares of CMS Energy from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $71.33.

In other CMS Energy news, SVP Catherine A. Hendrian sold 6,521 shares of the company’s stock in a transaction on Monday, March 14th. The shares were sold at an average price of $66.09, for a total value of $430,972.89. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Dhenuvakonda Rao Venkat sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $69.20, for a total transaction of $69,200.00. Following the completion of the sale, the senior vice president now directly owns 35,241 shares in the company, valued at $2,438,677.20. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Greenleaf Trust boosted its stake in shares of CMS Energy by 0.9% during the 1st quarter. Greenleaf Trust now owns 17,019 shares of the utilities provider’s stock worth $1,190,000 after acquiring an additional 145 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of CMS Energy by 2.6% during the 1st quarter. Blair William & Co. IL now owns 6,561 shares of the utilities provider’s stock worth $459,000 after acquiring an additional 168 shares in the last quarter. Kinneret Advisory LLC boosted its stake in shares of CMS Energy by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 7,756 shares of the utilities provider’s stock worth $542,000 after acquiring an additional 174 shares in the last quarter. Signaturefd LLC boosted its stake in shares of CMS Energy by 6.7% during the 1st quarter. Signaturefd LLC now owns 3,074 shares of the utilities provider’s stock worth $215,000 after acquiring an additional 193 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of CMS Energy by 1.1% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the utilities provider’s stock worth $1,184,000 after acquiring an additional 200 shares in the last quarter. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE CMS traded up $0.28 during trading hours on Thursday, reaching $70.82. The stock had a trading volume of 100,309 shares, compared to its average volume of 1,942,637. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of 1.68. The firm has a market cap of $20.55 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 2.86 and a beta of 0.26. The business’s fifty day moving average price is $69.87 and its two-hundred day moving average price is $65.57. CMS Energy has a 52-week low of $57.92 and a 52-week high of $73.76.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Friday, May 6th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, May 5th. CMS Energy’s payout ratio is 39.48%.

CMS Energy Company Profile (Get Rating)

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.

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Earnings History and Estimates for CMS Energy (NYSE:CMS)

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