CenterPoint Energy (CNP) to Release Earnings on Tuesday

CenterPoint Energy (NYSE:CNP) is scheduled to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect CenterPoint Energy to post earnings of $0.51 per share for the quarter. CenterPoint Energy has set its FY 2024 guidance at 1.610-1.630 EPS and its FY24 guidance at $1.61-1.63 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.83 billion. CenterPoint Energy had a net margin of 10.55% and a return on equity of 10.44%. During the same quarter last year, the firm posted $0.28 earnings per share. On average, analysts expect CenterPoint Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CenterPoint Energy Trading Down 1.7 %

Shares of CenterPoint Energy stock opened at $28.85 on Friday. The company’s fifty day simple moving average is $28.04 and its 200-day simple moving average is $28.02. The company has a market cap of $18.26 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 2.58 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 has a 1 year low of $25.42 and a 1 year high of $31.43.

CenterPoint Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.77%. CenterPoint Energy’s payout ratio is 58.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Guggenheim reduced their target price on shares of CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Barclays boosted their price objective on CenterPoint Energy from $28.00 to $29.00 and gave the stock an “underweight” rating in a report on Thursday, March 14th. Scotiabank lowered their price target on CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Mizuho reaffirmed a “neutral” rating and issued a $29.00 price target (down from $30.00) on shares of CenterPoint Energy in a research note on Wednesday, February 21st. Finally, Evercore ISI lowered CenterPoint Energy from an “outperform” rating to an “in-line” rating and boosted their price objective for the company from $29.00 to $30.00 in a research report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.18.

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.