NRG Energy, Inc. (NRG) Set to Announce Earnings on Thursday
NRG Energy, Inc. (NYSE:NRG) is set to release its earnings data before the market opens on Thursday, November 2nd. Analysts expect NRG Energy to post earnings of $1.12 per share for the quarter.
NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.31. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $3.19 billion. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.61) earnings per share. On average, analysts expect NRG Energy to post $0.62 EPS for the current fiscal year and $1.42 EPS for the next fiscal year.
Shares of NRG Energy, Inc. (NYSE:NRG) opened at 25.01 on Tuesday. The firm has a 50-day moving average price of $24.93 and a 200-day moving average price of $21.12. The stock’s market cap is $7.91 billion. NRG Energy, Inc. has a 12 month low of $9.84 and a 12 month high of $26.68.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.12 annualized dividend and a dividend yield of 0.48%. NRG Energy’s dividend payout ratio (DPR) is presently -2.75%.
Several equities analysts have recently issued reports on the company. BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. ValuEngine raised NRG Energy from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Tuesday, July 11th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $25.00 price objective on shares of NRG Energy in a report on Friday, October 20th. Finally, Barclays PLC reissued an “overweight” rating and issued a $27.00 price objective on shares of NRG Energy in a report on Thursday, July 13th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. NRG Energy has an average rating of “Buy” and an average target price of $24.67.
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NRG Energy Company Profile
NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.
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