Central Puerto (NYSE:CEPU) Issues Earnings Results, Misses Expectations By $0.19 EPS

Central Puerto (NYSE:CEPU) released its quarterly earnings data on Monday. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.19), Zacks reports. Central Puerto had a net margin of 56.44% and a return on equity of 21.93%. The business had revenue of $185.00 million for the quarter, compared to analysts’ expectations of $200.26 million.

Central Puerto Price Performance

NYSE CEPU traded up $0.17 on Wednesday, hitting $12.37. The stock had a trading volume of 144,652 shares, compared to its average volume of 322,699. The firm has a 50-day moving average of $10.44 and a 200-day moving average of $9.67. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 4.78 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.96 and a current ratio of 2.13. Central Puerto has a 52-week low of $5.76 and a 52-week high of $12.55.

Analyst Upgrades and Downgrades

Separately, Bank of America boosted their target price on shares of Central Puerto from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th.

About Central Puerto

Central Puerto SA engages in the electric power generation in Argentina. It operates through three segments: Electric Power Generation from Conventional Sources, Electric Power Generation from Renewable Sources, and Natural Gas Transport and Distribution. The company generates energy through thermal, hydroelectric, and wind farms.