Entergy (NYSE:ETR) Issues FY 2024 Earnings Guidance

Entergy (NYSE:ETR) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 7.050-7.350 for the period, compared to the consensus EPS estimate of 7.200. The company issued revenue guidance of -.

Entergy Trading Down 0.3 %

NYSE ETR opened at $107.17 on Wednesday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.32 and a current ratio of 0.57. The company has a market capitalization of $22.85 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 2.12 and a beta of 0.71. The company’s 50-day simple moving average is $102.96 and its two-hundred day simple moving average is $100.48. Entergy has a one year low of $87.10 and a one year high of $109.53.

Entergy (NYSE:ETR) last released its 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 during the quarter, compared to analysts’ expectations of $3.27 billion. During the same period last year, the business earned $0.51 EPS. Equities analysts forecast that Entergy will post 7.22 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 4.22%. The ex-dividend date is Wednesday, May 1st. Entergy’s dividend payout ratio (DPR) is 40.76%.

Wall Street Analyst Weigh In

ETR has been the subject of several recent analyst reports. BMO Capital Markets boosted their price target on shares of Entergy from $110.00 to $113.00 and gave the stock an outperform rating in a report on Monday, February 26th. Barclays decreased their target price on shares of Entergy from $108.00 to $107.00 and set an equal weight rating on the stock in a research report on Monday, April 15th. Royal Bank of Canada reiterated an outperform rating and set a $117.00 price target on shares of Entergy in a research note on Monday, February 26th. KeyCorp upped their target price on shares of Entergy from $108.00 to $112.00 and gave the stock an overweight rating in a research note on Friday, April 19th. Finally, Scotiabank dropped their price target 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $109.45.

Insider Transactions at Entergy

In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $100.35, for a total value of $200,700.00. Following the transaction, the executive vice president now directly owns 16,037 shares of the company’s stock, valued at approximately $1,609,312.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Kimberly Cook-Nelson sold 2,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the completion of the sale, the executive vice president now owns 16,037 shares in the company, valued at approximately $1,609,312.95. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Marcus V. Brown sold 8,500 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were 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. Insiders have sold 12,000 shares of company stock valued at $1,226,685 over the last three months. Company insiders own 0.54% of the company’s stock.

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.