CMS Energy (CMS) Updates FY13 Earnings Guidance
CMS Energy (CMS) updated its FY13 earnings guidance on Thursday. The company provided EPS guidance of $1.63-1.66 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.63.
CMS has been the subject of a number of recent research reports. Analysts at Drexel Hamilton initiated coverage on shares of CMS Energy in a research note to investors on Thursday. They set a hold rating on the stock. On a related note, analysts at BMO Capital Markets reiterated an outperform rating on shares of CMS Energy in a research note to investors on Wednesday, January 2nd. They now have a $27.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of CMS Energy from $25.00 to $26.50 in a research note to investors on Tuesday, December 18th. They now have a buy rating on the stock.
Eight analysts have rated the stock with a buy rating, one has issued an overweight rating, and five have assigned a hold rating to the stock. The stock currently has a consensus rating of overweight and a consensus target price of $26.55.
CMS Energy (CMS) opened at 26.05 on Thursday. CMS Energy (CMS) has a 52-week low of $21.12 and a 52-week high of $26.26. The stock’s 50-day moving average is currently $25.36. The company has a market cap of $6.875 billion and a price-to-earnings ratio of 19.72.
CMS Energy last released its earnings data on Thursday, February 21st. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.01. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. CMS Energy has set its FY13 guidance at $1.63-1.66 EPS. Analysts expect that CMS Energy (CMS) will post $1.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, February 28th. Stockholders of record on Friday, February 8th will be paid a dividend of $0.26 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Wednesday, February 6th. This is a boost from CMS Energy’s previous quarterly dividend of $0.24.
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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.