Brokerages Anticipate Duke Energy Corp (DUK) Will Announce Earnings of $1.35 Per Share

Analysts expect that Duke Energy Corp (NYSE:DUK) will post earnings per share of $1.35 for the current quarter, Zacks reports. Zero analysts have provided estimates for Duke Energy’s earnings, with the lowest EPS estimate coming in at $1.34 and the highest estimate coming in at $1.36. Duke Energy posted earnings of $1.28 per share during the same quarter last year, which would suggest a positive year over year growth rate of 5.5%. The firm is expected to issue its next earnings report on Thursday, May 9th.

According to Zacks, analysts expect that Duke Energy will report full-year earnings of $4.96 per share for the current fiscal year, with EPS estimates ranging from $4.90 to $5.00. For the next financial year, analysts forecast that the firm will report earnings of $5.23 per share, with EPS estimates ranging from $5.19 to $5.28. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Duke Energy.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, February 14th. The utilities provider reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.05). Duke Energy had a return on equity of 8.02% and a net margin of 11.98%. The company had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.84 billion. During the same period last year, the company posted $0.94 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year.



A number of equities analysts have recently weighed in on DUK shares. Morgan Stanley upped their price target on shares of Duke Energy from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 12th. Zacks Investment Research downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Bank of America downgraded shares of Duke Energy from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $88.00 to $87.00 in a research note on Wednesday, January 9th. They noted that the move was a valuation call. Wells Fargo & Co dropped their price target on shares of Duke Energy from $89.00 to $88.00 and set a “market perform” rating on the stock in a research note on Monday, November 5th. Finally, Credit Suisse Group downgraded shares of Duke Energy from an “outperform” rating to a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Duke Energy presently has an average rating of “Hold” and an average price target of $85.21.

A number of institutional investors have recently bought and sold shares of DUK. BRYN MAWR TRUST Co boosted its holdings in Duke Energy by 0.5% during the fourth quarter. BRYN MAWR TRUST Co now owns 21,157 shares of the utilities provider’s stock valued at $1,826,000 after acquiring an additional 115 shares during the period. Intl Fcstone Inc. boosted its holdings in Duke Energy by 4.1% during the fourth quarter. Intl Fcstone Inc. now owns 3,275 shares of the utilities provider’s stock valued at $283,000 after acquiring an additional 128 shares during the period. Hartford Financial Management Inc. boosted its holdings in Duke Energy by 8.0% during the fourth quarter. Hartford Financial Management Inc. now owns 1,761 shares of the utilities provider’s stock valued at $152,000 after acquiring an additional 131 shares during the period. Cigna Investments Inc. New boosted its holdings in Duke Energy by 0.6% during the fourth quarter. Cigna Investments Inc. New now owns 20,878 shares of the utilities provider’s stock valued at $1,802,000 after acquiring an additional 131 shares during the period. Finally, Mark Sheptoff Financial Planning LLC boosted its holdings in Duke Energy by 3.2% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,243 shares of the utilities provider’s stock valued at $366,000 after acquiring an additional 133 shares during the period. 60.33% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE DUK traded up $0.43 during mid-day trading on Thursday, reaching $87.94. The company had a trading volume of 4,358,536 shares, compared to its average volume of 3,199,621. Duke Energy has a twelve month low of $71.96 and a twelve month high of $91.35. The company has a current ratio of 0.68, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $62.38 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 3.63 and a beta of 0.06.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, February 15th will be given a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Thursday, February 14th. Duke Energy’s payout ratio is 81.18%.

About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

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