Entergy (NYSE:ETR) Issues FY24 Earnings Guidance

Entergy (NYSE:ETR) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $7.05-7.35 for the period, compared to the consensus EPS estimate of $7.21. Entergy also updated its FY 2024 guidance to 7.050-7.350 EPS.

Entergy Price Performance

NYSE:ETR opened at $107.17 on Wednesday. The firm has a market cap of $22.85 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 2.12 and a beta of 0.71. Entergy has a 12 month low of $87.10 and a 12 month high of $109.53. The company has a quick ratio of 0.32, a current ratio of 0.57 and a debt-to-equity ratio of 1.57. The company’s 50-day moving average price is $102.96 and its two-hundred day moving average price is $100.48.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.27). Entergy had a net margin of 19.41% and a return on equity of 10.54%. The firm had revenue of $31.17 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the firm earned $1.14 earnings per share. Entergy’s quarterly revenue was down .5% on a year-over-year basis. On average, equities analysts anticipate that Entergy will post 7.22 EPS for the current fiscal year.

Entergy Dividend Announcement

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

Wall Street Analyst Weigh In

ETR has been the topic of several research analyst reports. Scotiabank decreased 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. Royal Bank of Canada reissued an outperform rating and set a $117.00 price target on shares of Entergy in a research note on Monday, February 26th. Barclays decreased their price target on shares of Entergy from $108.00 to $107.00 and set an equal weight rating on the stock in a research note on Monday, April 15th. KeyCorp increased their price target on shares of Entergy from $108.00 to $112.00 and gave the company an overweight rating in a research note on Friday, April 19th. Finally, BMO Capital Markets raised their price objective on shares of Entergy from $110.00 to $113.00 and gave the company an outperform rating in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Entergy presently has an average rating of Moderate Buy and an average target price of $109.45.

Insider Buying and Selling at Entergy

In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction on Friday, March 1st. The shares were sold at an average price of $100.35, for a total transaction of $200,700.00. Following the transaction, the executive vice president now directly owns 16,037 shares of the company’s stock, valued at $1,609,312.95. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Marcus V. Brown sold 8,500 shares of Entergy stock in a transaction on Friday, March 15th. The shares were sold at an average price of $102.84, for a total transaction of $874,140.00. Following the transaction, the executive vice president now directly owns 9,911 shares of the company’s stock, valued at $1,019,247.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 16,037 shares in the company, valued at $1,609,312.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,000 shares of company stock valued at $1,226,685. 0.54% of the stock is currently 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.