CenterPoint Energy (NYSE:CNP) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.55-1.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.58. CenterPoint Energy also updated its FY18 guidance to $1.50-1.60 EPS.
CNP stock traded up $0.01 during midday trading on Friday, reaching $28.07. 2,960,354 shares of the company were exchanged, compared to its average volume of 4,952,630. The company has a current ratio of 0.95, a quick ratio of 0.83 and a debt-to-equity ratio of 1.66. CenterPoint Energy has a 1-year low of $24.81 and a 1-year high of $30.17. The stock has a market cap of $13.93 billion, a P/E ratio of 20.49, a PEG ratio of 2.99 and a beta of 0.43.
CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Thursday, November 8th. The utilities provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). CenterPoint Energy had a return on equity of 10.73% and a net margin of 15.43%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the business posted $0.38 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts predict that CenterPoint Energy will post 1.57 earnings per share for the current year.
A number of equities analysts have recently commented on the stock. ValuEngine cut shares of CenterPoint Energy from a hold rating to a sell rating in a report on Monday, August 6th. JPMorgan Chase & Co. raised shares of CenterPoint Energy from a neutral rating to an overweight rating and set a $31.00 target price on the stock in a report on Wednesday, September 5th. Zacks Investment Research raised shares of CenterPoint Energy from a hold rating to a buy rating and set a $31.00 target price on the stock in a report on Monday, July 23rd. Wells Fargo & Co reaffirmed a buy rating on shares of CenterPoint Energy in a report on Friday. Finally, Barclays assumed coverage on shares of CenterPoint Energy in a report on Monday, October 22nd. They issued a hold rating and a $30.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. CenterPoint Energy currently has an average rating of Hold and an average price target of $29.33.
In other news, CEO Scott M. Prochazka sold 4,000 shares of CenterPoint Energy stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $27.09, for a total value of $108,360.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.22% of the company’s stock.
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About CenterPoint Energy
CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.
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