Entergy (ETR) Scheduled to Post Earnings on Wednesday

Entergy (NYSE:ETR) is scheduled to be announcing its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.35 per share for the quarter. Entergy has set its FY 2024 guidance at 7.050-7.350 EPS and its FY24 guidance at $7.05 to $7.35 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. Entergy had a net margin of 19.41% and a return on equity of 10.54%. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. On average, analysts expect Entergy to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Entergy Stock Performance

NYSE:ETR opened at $107.45 on Tuesday. Entergy has a 1 year low of $87.10 and a 1 year high of $109.53. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.57 and a quick ratio of 0.32. The business has a fifty day simple moving average of $102.79 and a two-hundred day simple moving average of $100.38. The company has a market capitalization of $22.91 billion, a P/E ratio of 9.69, a P/E/G ratio of 2.11 and a beta of 0.71.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Wednesday, May 1st. Entergy’s payout ratio is currently 40.76%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barclays dropped their price objective on Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $117.00 price target on shares of Entergy in a report on Monday, February 26th. KeyCorp boosted their price objective on shares of Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a research note on Friday. Scotiabank lowered their target price on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research note on Monday. Finally, BMO Capital Markets raised their price target on shares of Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.45.

Insider Buying and Selling

In other news, insider Deanna D. Rodriguez sold 1,500 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the sale, the insider now owns 3,442 shares of the company’s stock, valued at approximately $348,433.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Entergy news, insider Deanna D. Rodriguez sold 1,500 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $101.23, for a total transaction of $151,845.00. Following the sale, the insider now directly owns 3,442 shares of the company’s stock, valued at $348,433.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Marcus V. Brown sold 8,500 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $102.84, for a total value of $874,140.00. Following the completion of the transaction, the executive vice president now directly owns 9,911 shares of the company’s stock, valued at approximately $1,019,247.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,000 shares of company stock valued at $1,226,685. 0.54% of the stock is owned by insiders.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It 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.