Zacks: Analysts Expect Entergy Co. (NYSE:ETR) to Post $1.39 Earnings Per Share

Analysts predict that Entergy Co. (NYSE:ETRGet Rating) will post earnings of $1.39 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Entergy’s earnings. The highest EPS estimate is $1.41 and the lowest is $1.36. Entergy posted earnings per share of $1.34 during the same quarter last year, which would indicate a positive year over year growth rate of 3.7%. The company is expected to announce its next earnings results on Monday, January 1st.

On average, 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 financial year, analysts anticipate that the firm will post earnings of $6.75 per share, with EPS estimates ranging from $6.72 to $6.79. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Entergy.

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

A number of equities research analysts have recently issued reports on ETR shares. Wells Fargo & Company boosted their target price on Entergy from $120.00 to $135.00 in a research report on Monday, April 4th. Credit Suisse Group set a $142.00 target price on Entergy in a research report on Monday, May 16th. Barclays set a $42.00 target price on Entergy in a research report on Monday, May 16th. Sanford C. Bernstein set a $100.00 target price on Entergy and gave the stock a “market perform” rating in a research report on Tuesday, May 17th. Finally, StockNews.com started coverage on Entergy in a research report on Thursday, March 31st. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $127.00.

In other news, CAO Kimberly A. Fontan sold 1,350 shares of the company’s stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $111.78, for a total transaction of $150,903.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Paul D. Hinnenkamp sold 5,000 shares of the company’s stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $105.40, for a total value of $527,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 215,575 shares of company stock worth $25,391,762. Insiders own 0.37% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ETR. Morgan Stanley boosted its stake in shares of Entergy by 14.6% during the 2nd quarter. Morgan Stanley now owns 739,162 shares of the utilities provider’s stock worth $73,696,000 after acquiring an additional 94,447 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in Entergy by 57.0% during the 3rd quarter. Rafferty Asset Management LLC now owns 7,087 shares of the utilities provider’s stock valued at $704,000 after purchasing an additional 2,574 shares during the period. US Bancorp DE boosted its stake in Entergy by 105.8% during the 3rd quarter. US Bancorp DE now owns 16,796 shares of the utilities provider’s stock valued at $1,668,000 after purchasing an additional 8,635 shares during the period. BOKF NA bought a new stake in Entergy during the 3rd quarter valued at approximately $350,000. Finally, Public Sector Pension Investment Board boosted its stake in Entergy by 7.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 33,883 shares of the utilities provider’s stock valued at $3,365,000 after purchasing an additional 2,430 shares during the period. Institutional investors own 88.94% of the company’s stock.

Shares of Entergy stock traded down $0.32 during trading on Wednesday, hitting $118.84. The stock had a trading volume of 777,516 shares, compared to its average volume of 1,227,844. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.72 and a quick ratio of 0.49. The firm has a market cap of $24.17 billion, a P/E ratio of 22.68, a PEG ratio of 3.01 and a beta of 0.58. The business has a fifty day moving average of $118.75 and a two-hundred day moving average of $111.61. Entergy has a fifty-two week low of $98.50 and a fifty-two week high of $126.82.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Thursday, May 5th will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Wednesday, May 4th. Entergy’s payout ratio is currently 77.10%.

Entergy Company Profile (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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