CenterPoint Energy (CNP) Issues FY18 Earnings Guidance
CenterPoint Energy (NYSE:CNP) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $1.50-1.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.58. CenterPoint Energy also updated its FY 2018 guidance to $1.55-1.60 EPS.
NYSE CNP opened at $28.13 on Friday. The company has a market capitalization of $14.19 billion, a PE ratio of 20.53, a PEG ratio of 3.04 and a beta of 0.43. CenterPoint Energy has a 1-year low of $24.81 and a 1-year high of $30.17. The company has a current ratio of 0.95, a quick ratio of 0.83 and a debt-to-equity ratio of 1.66.
CenterPoint Energy (NYSE:CNP) last released its earnings results on Thursday, November 8th. The utilities provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.26 billion. CenterPoint Energy had a net margin of 15.43% and a return on equity of 10.73%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 EPS. On average, research analysts predict that CenterPoint Energy will post 1.6 earnings per share for the current fiscal year.
CNP has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on CenterPoint Energy from $32.00 to $33.00 and gave the company an overweight rating in a report on Tuesday, October 9th. ValuEngine raised CenterPoint Energy from a sell rating to a hold rating in a report on Tuesday, July 31st. Zacks Investment Research cut CenterPoint Energy from a buy rating to a hold rating in a report on Tuesday, August 7th. SunTrust Banks reaffirmed a hold rating and issued a $30.00 price target on shares of CenterPoint Energy in a report on Monday, August 6th. Finally, Wells Fargo & Co raised CenterPoint Energy from a market perform rating to an outperform rating and set a $30.00 price target for the company in a report on Monday, October 8th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. CenterPoint Energy currently has a consensus rating of Hold and a consensus target price of $29.33.
In other CenterPoint Energy news, CEO Scott M. Prochazka sold 4,000 shares of the firm’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $27.09, for a total transaction of $108,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.22% of the stock is owned by company insiders.
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CenterPoint Energy Company Profile
CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.
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