$0.44 EPS Expected for CenterPoint Energy, Inc. (NYSE:CNP) This Quarter

Equities research analysts expect CenterPoint Energy, Inc. (NYSE:CNP) to report earnings of $0.44 per share for the current quarter, according to Zacks. Two analysts have made estimates for CenterPoint Energy’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.50. CenterPoint Energy posted earnings per share of $0.39 during the same quarter last year, which indicates a positive year-over-year growth rate of 12.8%. The business is expected to issue its next quarterly earnings results before the market opens on Thursday, November 7th.

On average, analysts expect that CenterPoint Energy will report full-year earnings of $1.66 per share for the current year, with EPS estimates ranging from $1.63 to $1.72. For the next financial year, analysts expect that the company will report earnings of $1.79 per share, with EPS estimates ranging from $1.69 to $1.86. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for CenterPoint Energy.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.04. CenterPoint Energy had a net margin of 5.55% and a return on equity of 13.59%. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same period in the prior year, the company posted $0.30 EPS. The company’s revenue was up 28.0% on a year-over-year basis.

Several equities analysts have issued reports on the stock. Wells Fargo & Co decreased their price target on shares of CenterPoint Energy from $33.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, September 18th. Goldman Sachs Group upped their price target on shares of CenterPoint Energy from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Barclays upgraded shares of CenterPoint Energy from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $33.00 to $31.00 in a research report on Tuesday, August 13th. Stifel Nicolaus upgraded shares of CenterPoint Energy from a “hold” rating to a “buy” rating and upped their price target for the company from $30.00 to $32.00 in a research report on Friday, September 6th. Finally, Morgan Stanley upped their price target on shares of CenterPoint Energy from $30.00 to $31.00 and gave the company an “equal weight” rating in a research report on Friday, June 14th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.02.

Shares of NYSE CNP opened at $28.27 on Wednesday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.95 and a current ratio of 1.11. CenterPoint Energy has a 52-week low of $26.74 and a 52-week high of $31.42. The firm has a 50 day moving average price of $28.99 and a two-hundred day moving average price of $29.33. The stock has a market cap of $14.13 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 3.11 and a beta of 0.48.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend was Wednesday, August 14th. CenterPoint Energy’s dividend payout ratio is currently 71.88%.

In other news, CEO Scott M. Prochazka sold 7,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $27.84, for a total value of $194,880.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders sold 21,000 shares of company stock worth $608,510. Insiders own 0.24% of the company’s stock.

Large investors have recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. bought a new stake in shares of CenterPoint Energy in the 1st quarter valued at $25,000. Advantage Investment Management LLC boosted its stake in shares of CenterPoint Energy by 432.7% in the 2nd quarter. Advantage Investment Management LLC now owns 1,598 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 1,298 shares during the last quarter. TD Capital Management LLC bought a new position in CenterPoint Energy during the second quarter worth $47,000. TCG Advisors LP bought a new position in CenterPoint Energy during the first quarter worth $53,000. Finally, HM Payson & Co. bought a new position in CenterPoint Energy during the second quarter worth $56,000. 80.21% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for CenterPoint Energy (NYSE:CNP)

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