CMS Energy (CMS) Releases FY12 Earnings Guidance
CMS Energy (CMS) updated its FY12 earnings guidance on Thursday. The company provided EPS guidance of $1.52-1.55 for the period.
A number of research firms have also recently commented on CMS. Analysts at Barclays Capital reiterated an overweight rating on shares of CMS Energy in a research note to investors on Wednesday. They now have a $26.00 price target on the stock. On a related note, analysts at RBC Capital reiterated an outperform rating on shares of CMS Energy in a research note to investors on Friday, October 19th. They now have a $26.00 price target on the stock. Finally, analysts at Macquarie reiterated an outperform rating on shares of CMS Energy in a research note to investors on Tuesday, October 16th. They now have a $25.50 price target on the stock.
CMS Energy (CMS) traded up 1.09% on Thursday, hitting $24.14. CMS Energy (CMS) has a 52-week low of $19.57 and a 52-week high of $24.98. The company has a market cap of $6.365 billion and a price-to-earnings ratio of 18.41.
CMS Energy last posted its quarterly earnings results on Thursday, October 25th. The company reported $0.54 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.55 by $0.01. CMS Energy’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that CMS Energy (CMS) will post $1.55 EPS for the current fiscal year.
CMS Energy Corporation (CMS Energy) is an energy company operating primarily in Michigan. It is the parent holding company of subsidiaries, including Consumers Energy Company (Consumers), an electric and gas utility, and CMS Enterprises Company (CMS Enterprises), primarily a domestic Independent power producer (IPP).
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