CenterPoint Energy (NYSE:CNP – Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.61-1.63 for the period, compared to the consensus estimate of $1.62. CenterPoint Energy also updated its FY 2024 guidance to 1.610-1.630 EPS.
CenterPoint Energy Trading Down 1.5 %
CNP stock traded down $0.44 during midday trading on Tuesday, hitting $28.78. The stock had a trading volume of 616,734 shares, compared to its average volume of 4,177,457. The business has a fifty day moving average price of $28.07 and a two-hundred day moving average price of $28.03. CenterPoint Energy has a 1-year low of $25.42 and a 1-year high of $31.43. The firm has a market cap of $18.22 billion, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 2.54 and a beta of 0.92. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.82.
CenterPoint Energy (NYSE:CNP – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. CenterPoint Energy had a return on equity of 10.44% and a net margin of 10.55%. During the same period in the previous year, the firm earned $0.50 earnings per share. On average, sell-side analysts predict that CenterPoint Energy will post 1.62 earnings per share for the current fiscal year.
CenterPoint Energy Dividend Announcement
Analyst Upgrades and Downgrades
CNP has been the subject of a number of recent research reports. Evercore ISI cut CenterPoint Energy from an outperform rating to an in-line rating and upped their price target for the company from $29.00 to $30.00 in a research report on Tuesday, January 23rd. Barclays upped their price target on shares of CenterPoint Energy from $28.00 to $29.00 and gave the stock an underweight rating in a report on Thursday, March 14th. Scotiabank decreased their target price on CenterPoint Energy from $31.00 to $29.00 and set a sector perform rating on the stock in a research note on Monday, April 22nd. KeyCorp lifted their price objective on shares of CenterPoint Energy from $29.00 to $31.00 and gave the stock an overweight rating in a report on Thursday, January 4th. Finally, Guggenheim reduced their target price on CenterPoint Energy from $33.00 to $32.00 and set a buy rating on the stock in a research note on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $30.18.
Check Out Our Latest Stock Report on CenterPoint Energy
CenterPoint Energy Company Profile
CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.
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