CMS Energy (NYSE:CMS) Updates FY 2022 Earnings Guidance

CMS Energy (NYSE:CMS) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.850-2.870 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.060. The company issued revenue guidance of -.CMS Energy also updated its FY 2021 guidance to $2.830-2.870 EPS.

Several research analysts recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of CMS Energy from $75.00 to $70.00 and set an overweight rating for the company in a report on Wednesday. They noted that the move was a valuation call. Mizuho cut their target price on CMS Energy from $65.00 to $64.00 and set a buy rating for the company in a research note on Wednesday. Morgan Stanley decreased their price target on CMS Energy from $66.00 to $64.00 and set an equal weight rating on the stock in a research note on Wednesday. Credit Suisse Group increased their price objective on CMS Energy from $70.00 to $71.00 and gave the stock an outperform rating in a research report on Wednesday. Finally, Vertical Research lowered shares of CMS Energy from a buy rating to a hold rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. CMS Energy presently has an average rating of Hold and a consensus target price of $67.00.

CMS Energy stock traded up $0.31 during trading hours on Thursday, hitting $60.24. The stock had a trading volume of 3,111,446 shares, compared to its average volume of 2,121,291. CMS Energy has a 1-year low of $53.19 and a 1-year high of $67.98. The company has a market cap of $17.44 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 3.29 and a beta of 0.18. The firm has a fifty day simple moving average of $63.01. The company has a quick ratio of 0.73, a current ratio of 0.87 and a debt-to-equity ratio of 2.16.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, April 29th. The utilities provider reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.04. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.01 billion. CMS Energy had a net margin of 12.48% and a return on equity of 14.74%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. On average, research analysts expect that CMS Energy will post 2.88 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Stockholders of record on Friday, May 7th were paid a dividend of $0.435 per share. The ex-dividend date of this dividend was Thursday, May 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 2.89%. CMS Energy’s dividend payout ratio (DPR) is 65.17%.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through four segments: Electric Utility, Gas Utility, Enterprises, and EnerBank. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.

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Earnings History and Estimates for CMS Energy (NYSE:CMS)

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