CMS Energy (NYSE:CMS) Releases FY 2022 Earnings Guidance

CMS Energy (NYSE:CMS) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.850-2.870 for the period, compared to the Thomson Reuters consensus estimate of $3.060. The company issued revenue guidance of -.CMS Energy also updated its FY 2021 guidance to $2.830-2.870 EPS.

Several brokerages have issued reports on CMS. Zacks Investment Research upgraded CMS Energy from a hold rating to a buy rating and set a $69.00 price objective on the stock in a research note on Wednesday, April 21st. Morgan Stanley cut their price objective on CMS Energy from $66.00 to $64.00 and set an equal weight rating on the stock in a research note on Wednesday. Wells Fargo & Company cut their price objective on CMS Energy from $75.00 to $70.00 and set an overweight rating on the stock in a research note on Wednesday. They noted that the move was a valuation call. Mizuho cut their price objective on CMS Energy from $65.00 to $64.00 and set a buy rating on the stock in a research note on Wednesday. Finally, TheStreet upgraded CMS Energy from a c+ rating to a b rating in a research report on Thursday, April 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $67.00.

Shares of CMS Energy stock traded up $0.29 on Thursday, reaching $60.22. 170,300 shares of the company were exchanged, compared to its average volume of 2,112,208. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.73 and a current ratio of 0.87. The stock has a 50-day moving average price of $63.01. The stock has a market capitalization of $17.43 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 3.29 and a beta of 0.18. CMS Energy has a 1-year low of $53.19 and a 1-year high of $67.98.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, April 29th. The utilities provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.17 by $0.04. CMS Energy had a return on equity of 14.74% and a net margin of 12.48%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the firm earned $0.85 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. Research analysts forecast that CMS Energy will post 2.88 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 28th. Investors of record on Friday, May 7th were given a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 2.89%. The ex-dividend date was Thursday, May 6th. CMS Energy’s dividend payout ratio is currently 65.17%.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through four segments: Electric Utility, Gas Utility, Enterprises, and EnerBank. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.

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Earnings History and Estimates for CMS Energy (NYSE:CMS)

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