Entergy (ETR) Issues FY13 Earnings Guidance
Entergy (NYSE: ETR) issued an update on its FY13 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.60-5.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.87, ARN reports.
Entergy (NYSE: ETR) traded down 1.14% on Thursday, hitting $69.3195. Entergy has a 1-year low of $61.09 and a 1-year high of $74.50. The stock’s 50-day moving average is currently $65.82. The company has a market cap of $12.345 billion and a price-to-earnings ratio of 14.73.
Entergy (NYSE: ETR) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.02. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Entergy has set its FY13 guidance at $4.60-5.40 EPS. Analysts expect that Entergy will post $4.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 3rd. Stockholders of record on Thursday, May 9th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 4.73%. The ex-dividend date is Tuesday, May 7th.
ETR has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Entergy from $65.00 to $71.00 in a research note to investors on Friday, April 19th. They now have a hold rating on the stock. On a related note, analysts at Macquarie reiterated a buy rating on shares of Entergy in a research note to investors on Wednesday, April 17th. They now have a $68.00 price target on the stock. Finally, analysts at Zacks reiterated a hold rating on shares of Entergy in a research note to investors on Wednesday, April 17th. They now have a $65.00 price target on the stock.
Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Entergy presently has an average rating of Hold and a consensus target price of $66.91.
Entergy Corporation (NYSE: ETR) is an integrated energy company engaged primarily in electric power production and retail electric distribution operations.
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