Central Puerto (NYSE:CEPU) Issues Quarterly Earnings Results

Central Puerto (NYSE:CEPU) announced its quarterly earnings data on Wednesday. The company reported $0.65 earnings per share for the quarter, Zacks reports. Central Puerto had a return on equity of 16.32% and a net margin of 29.58%. The company had revenue of $523.67 million during the quarter, compared to analyst estimates of $320.41 million.

Central Puerto Stock Performance

Central Puerto stock opened at $10.20 on Thursday. The firm’s 50 day simple moving average is $12.42 and its 200 day simple moving average is $14.38. The firm has a market capitalization of $1.54 billion, a PE ratio of 3.40 and a beta of 0.85. The company has a current ratio of 1.28, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22. Central Puerto has a 1-year low of $9.61 and a 1-year high of $18.50.

Central Puerto Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, October 7th. Investors of record on Monday, September 28th were paid a dividend of $1.0758 per share. The ex-dividend date of this dividend was Monday, September 28th. Central Puerto’s payout ratio is currently 30.00%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CEPU. Bank of America cut their target price on shares of Central Puerto from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, September 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Central Puerto in a research note on Wednesday, August 26th. Finally, Wall Street Zen lowered shares of Central Puerto from a “buy” rating to a “hold” rating in a research report on Saturday, September 19th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

About Central Puerto

Central Puerto S.A. is an Argentina-based electric power generation company. It operates power plants that produce electricity for the country’s wholesale electricity market, serving utilities, businesses and other users through Argentina’s electricity system. The company’s generation portfolio includes thermal, hydroelectric and renewable energy assets, including wind and solar facilities. Its thermal plants use fuels such as natural gas, while its renewable operations add electricity from non-fossil sources to the portfolio.