Analysts Expect CenterPoint Energy, Inc. (NYSE:CNP) Will Announce Earnings of $0.25 Per Share

Brokerages predict that CenterPoint Energy, Inc. (NYSE:CNP) will post $0.25 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for CenterPoint Energy’s earnings. The lowest EPS estimate is $0.23 and the highest is $0.28. CenterPoint Energy posted earnings of $0.21 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 19%. The company is scheduled to issue its next quarterly earnings report on Thursday, August 5th.

According to Zacks, analysts expect that CenterPoint Energy will report full-year earnings of $1.43 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.52. For the next fiscal year, analysts forecast that the company will post earnings of $1.49 per share, with EPS estimates ranging from $1.34 to $1.59. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow CenterPoint Energy.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, May 6th. The utilities provider reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.09. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.28 billion. CenterPoint Energy had a negative net margin of 9.49% and a positive return on equity of 14.78%. During the same period in the previous year, the firm posted $0.65 earnings per share.

A number of equities research analysts recently weighed in on CNP shares. Mizuho boosted their price target on shares of CenterPoint Energy from $25.50 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, May 13th. They noted that the move was a valuation call. TheStreet raised shares of CenterPoint Energy from a “c” rating to a “b-” rating in a research note on Thursday, May 6th. Evercore ISI cut shares of CenterPoint Energy from an “outperform” rating to an “in-line” rating in a report on Friday, February 26th. Finally, Credit Suisse Group boosted their price objective on shares of CenterPoint Energy from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, April 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $23.91.

Shares of CNP traded down $0.28 on Tuesday, reaching $24.75. 195,169 shares of the company’s stock were exchanged, compared to its average volume of 5,235,225. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 2.01. The stock has a market capitalization of $14.37 billion, a P/E ratio of -12.71, a price-to-earnings-growth ratio of 3.02 and a beta of 0.95. The business has a 50 day moving average price of $23.83 and a two-hundred day moving average price of $22.35. CenterPoint Energy has a 12 month low of $16.70 and a 12 month high of $25.39.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 10th. Stockholders of record on Thursday, May 20th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Wednesday, May 19th. CenterPoint Energy’s dividend payout ratio (DPR) is presently 35.75%.

In other CenterPoint Energy news, CEO David J. Lesar bought 50,000 shares of CenterPoint Energy stock in a transaction that occurred on Thursday, May 13th. The stock was acquired at an average price of $23.58 per share, for a total transaction of $1,179,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason P. Wells bought 10,000 shares of CenterPoint Energy stock in a transaction that occurred on Tuesday, May 11th. The shares were acquired at an average price of $24.06 per share, with a total value of $240,600.00. The disclosure for this purchase can be found here. 0.13% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of CNP. Louisiana State Employees Retirement System raised its position in CenterPoint Energy by 22.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 33,800 shares of the utilities provider’s stock worth $731,000 after acquiring an additional 6,100 shares in the last quarter. IFM Investors Pty Ltd raised its position in CenterPoint Energy by 15.4% during the fourth quarter. IFM Investors Pty Ltd now owns 46,098 shares of the utilities provider’s stock worth $998,000 after acquiring an additional 6,141 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in CenterPoint Energy during the fourth quarter worth $304,000. TIAA FSB bought a new position in shares of CenterPoint Energy in the fourth quarter valued at about $253,000. Finally, International Assets Investment Management LLC bought a new position in shares of CenterPoint Energy in the fourth quarter valued at about $109,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

About CenterPoint Energy

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through Electric, Natural Gas, and Midstream Investments segments. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as assets in the wholesale power market.

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