Jefferies Group Weighs in on Entergy Corporation’s Q3 2017 Earnings (NYSE:ETR)
Entergy Corporation (NYSE:ETR) – Research analysts at Jefferies Group issued their Q3 2017 earnings per share (EPS) estimates for shares of Entergy Corporation in a research report issued to clients and investors on Thursday. Jefferies Group analyst A. Crowdell anticipates that the utilities provider will post earnings per share of $2.13 for the quarter. Jefferies Group has a “Hold” rating and a $78.00 price target on the stock. Jefferies Group also issued estimates for Entergy Corporation’s Q4 2017 earnings at $0.72 EPS and FY2017 earnings at $7.00 EPS.
Entergy Corporation (NYSE:ETR) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $1.91. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. During the same quarter last year, the business posted $3.16 EPS. COPYRIGHT VIOLATION WARNING: “Jefferies Group Weighs in on Entergy Corporation’s Q3 2017 Earnings (NYSE:ETR)” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://www.thecerbatgem.com/2017/08/07/jefferies-group-weighs-in-on-entergy-corporations-q3-2017-earnings-nyseetr.html.
Several other equities analysts have also weighed in on the company. Deutsche Bank AG increased their target price on Entergy Corporation from $75.00 to $77.00 and gave the company a “hold” rating in a research note on Tuesday, April 11th. ValuEngine lowered Entergy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered Entergy Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. BidaskClub lowered Entergy Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Finally, Wells Fargo & Company increased their target price on Entergy Corporation from $83.50 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, May 31st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $78.46.
Entergy Corporation (ETR) opened at 76.88 on Monday. The company has a 50-day moving average price of $77.14 and a 200-day moving average price of $75.66. Entergy Corporation has a 52 week low of $66.71 and a 52 week high of $81.83. The stock’s market cap is $13.80 billion.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 10th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $3.48 annualized dividend and a dividend yield of 4.53%. Entergy Corporation’s dividend payout ratio (DPR) is currently -69.74%.
In other Entergy Corporation news, insider Haley Fisackerly sold 600 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $75.92, for a total value of $45,552.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in ETR. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Entergy Corporation during the first quarter valued at about $839,000. Fox Run Management L.L.C. purchased a new position in Entergy Corporation during the first quarter worth about $352,000. Atria Investments LLC increased its position in Entergy Corporation by 43.4% in the first quarter. Atria Investments LLC now owns 32,555 shares of the utilities provider’s stock worth $2,473,000 after buying an additional 9,848 shares during the last quarter. Visionary Asset Management Inc. increased its position in Entergy Corporation by 11.7% in the first quarter. Visionary Asset Management Inc. now owns 42,086 shares of the utilities provider’s stock worth $3,197,000 after buying an additional 4,400 shares during the last quarter. Finally, Horrell Capital Management Inc. increased its position in Entergy Corporation by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,290 shares of the utilities provider’s stock worth $2,073,000 after buying an additional 100 shares during the last quarter. Institutional investors own 83.29% of the company’s stock.
Entergy Corporation Company Profile
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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