Entergy (NYSE:ETR) Issues FY 2024 Earnings Guidance

Entergy (NYSE:ETR) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 7.050-7.350 for the period, compared to the consensus EPS estimate of 7.200. The company issued revenue guidance of -. Entergy also updated its FY24 guidance to $7.05-7.35 EPS.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays decreased their price objective on Entergy from $108.00 to $107.00 and set an equal weight rating on the stock in a research note on Monday, April 15th. KeyCorp upped their target price on Entergy from $108.00 to $112.00 and gave the stock an overweight rating in a research note on Friday, April 19th. BMO Capital Markets lifted their target price on shares of Entergy from $110.00 to $113.00 and gave the company an outperform rating in a research report on Monday, February 26th. Scotiabank dropped their price objective on shares of Entergy from $111.00 to $104.00 and set a sector perform rating for the company in a report on Monday. Finally, Royal Bank of Canada reiterated an outperform rating and issued a $117.00 price objective on shares of Entergy in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Entergy has a consensus rating of Moderate Buy and an average price target of $109.45.

Entergy Trading Down 0.3 %

NYSE:ETR traded down $0.28 during trading hours on Wednesday, hitting $106.90. The company had a trading volume of 1,516,195 shares, compared to its average volume of 1,398,398. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.57 and a quick ratio of 0.32. The stock has a 50-day moving average price of $102.96 and a 200 day moving average price of $100.48. The company has a market capitalization of $22.80 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 2.12 and a beta of 0.71. Entergy has a 52 week low of $87.10 and a 52 week high of $109.53.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.27). Entergy had a net margin of 19.41% and a return on equity of 10.54%. The company had revenue of $31.17 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the previous year, the firm posted $1.14 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts predict that Entergy will post 7.22 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a yield of 4.23%. Entergy’s dividend payout ratio (DPR) is currently 40.76%.

Insiders Place Their Bets

In other news, insider Deanna D. Rodriguez sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total value of $151,845.00. Following the sale, the insider now directly owns 3,442 shares of the company’s stock, valued at approximately $348,433.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $102.84, for a total transaction of $874,140.00. Following the completion of the sale, the executive vice president now directly owns 9,911 shares in the company, valued at approximately $1,019,247.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Deanna D. Rodriguez sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the transaction, the insider now owns 3,442 shares in the company, valued at approximately $348,433.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,000 shares of company stock worth $1,226,685. 0.54% of the stock is currently owned by company insiders.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.