Wall Street brokerages predict that CenterPoint Energy, Inc. (NYSE:CNP) will post sales of $2.12 billion for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for CenterPoint Energy’s earnings, with the highest sales estimate coming in at $2.13 billion and the lowest estimate coming in at $2.11 billion. CenterPoint Energy posted sales of $2.10 billion during the same quarter last year, which would indicate a positive year over year growth rate of 1%. The business is scheduled to announce its next quarterly earnings report before the market opens on Thursday, November 8th.

According to Zacks, analysts expect that CenterPoint Energy will report full-year sales of $9.62 billion for the current year, with estimates ranging from $8.67 billion to $10.11 billion. For the next year, analysts expect that the firm will report sales of $9.62 billion, with estimates ranging from $8.88 billion to $10.19 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover CenterPoint Energy.

CenterPoint Energy (NYSE:CNP) last released its quarterly earnings data on Friday, August 3rd. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). CenterPoint Energy had a return on equity of 10.73% and a net margin of 15.43%. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the company earned $0.29 EPS. CenterPoint Energy’s revenue was up 2.0% on a year-over-year basis.

Several research firms have recently issued reports on CNP. ValuEngine raised shares of CenterPoint Energy from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Zacks Investment Research lowered shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of CenterPoint Energy from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $30.00 price target on shares of CenterPoint Energy in a report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $29.25.

In related news, insider Milton Carroll sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $28.27, for a total transaction of $282,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott M. Prochazka sold 4,000 shares of the firm’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $27.99, for a total transaction of $111,960.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,000 shares of company stock valued at $504,820. Company insiders own 0.22% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNP. Oppenheimer & Co. Inc. boosted its stake in CenterPoint Energy by 18.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 11,129 shares of the utilities provider’s stock valued at $309,000 after acquiring an additional 1,771 shares during the last quarter. First Allied Advisory Services Inc. boosted its stake in CenterPoint Energy by 18.9% during the 2nd quarter. First Allied Advisory Services Inc. now owns 11,719 shares of the utilities provider’s stock valued at $331,000 after acquiring an additional 1,865 shares during the last quarter. Amalgamated Bank boosted its stake in CenterPoint Energy by 3.5% during the 2nd quarter. Amalgamated Bank now owns 55,555 shares of the utilities provider’s stock valued at $1,539,000 after acquiring an additional 1,885 shares during the last quarter. Northpointe Capital LLC boosted its stake in CenterPoint Energy by 2.0% during the 2nd quarter. Northpointe Capital LLC now owns 98,431 shares of the utilities provider’s stock valued at $2,728,000 after acquiring an additional 1,927 shares during the last quarter. Finally, Zacks Investment Management boosted its stake in CenterPoint Energy by 5.1% during the 2nd quarter. Zacks Investment Management now owns 43,053 shares of the utilities provider’s stock valued at $1,193,000 after acquiring an additional 2,090 shares during the last quarter. 77.39% of the stock is owned by institutional investors and hedge funds.

Shares of CenterPoint Energy stock traded up $0.19 during trading hours on Monday, hitting $27.34. The company’s stock had a trading volume of 6,715,801 shares, compared to its average volume of 4,712,918. CenterPoint Energy has a 1-year low of $24.81 and a 1-year high of $30.17. The firm has a market capitalization of $11.93 billion, a P/E ratio of 19.96, a PEG ratio of 2.92 and a beta of 0.44. The company has a quick ratio of 0.83, a current ratio of 0.95 and a debt-to-equity ratio of 1.66.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Investors of record on Thursday, August 16th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend was Wednesday, August 15th. CenterPoint Energy’s payout ratio is 81.02%.

CenterPoint Energy Company Profile

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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