CMS Energy (CMS) Scheduled to Post Quarterly Earnings on Thursday

CMS Energy (NYSE:CMS) is scheduled to be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect CMS Energy to post earnings of $1.07 per share for the quarter. CMS Energy has set its FY 2024 guidance at 3.290-3.350 EPS and its FY24 guidance at $3.29-3.35 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.01. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.62 billion. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The firm’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. On average, analysts expect CMS Energy to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

CMS Energy Price Performance

CMS opened at $60.00 on Tuesday. The firm has a market cap of $17.92 billion, a P/E ratio of 19.93, a PEG ratio of 2.31 and a beta of 0.38. CMS Energy has a fifty-two week low of $49.87 and a fifty-two week high of $63.76. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 0.98. The firm has a 50-day moving average of $58.50 and a 200 day moving average of $57.29.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.43%. CMS Energy’s dividend payout ratio (DPR) is presently 68.44%.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total value of $202,230.00. Following the sale, the senior vice president now directly owns 68,971 shares of the company’s stock, valued at $3,985,144.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CMS shares. Barclays dropped their price objective on shares of CMS Energy from $58.00 to $57.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Wolfe Research raised shares of CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price objective on the stock in a report on Tuesday, January 16th. BMO Capital Markets upped their price objective on shares of CMS Energy from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Guggenheim raised shares of CMS Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $60.00 to $64.00 in a report on Friday, February 2nd. Finally, UBS Group downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.00.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. 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.