Entergy (ETR) Scheduled to Post Earnings on Wednesday

Entergy (NYSE:ETR) is scheduled to post its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect Entergy to post earnings of $1.35 per share for the quarter. Entergy has set its FY 2024 guidance at 7.050-7.350 EPS and its FY24 guidance at $7.05 to $7.35 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. Entergy had a net margin of 19.41% and a return on equity of 10.54%. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same quarter last year, the firm earned $0.51 EPS. On average, analysts expect Entergy to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Entergy Stock Up 2.9 %

Entergy stock opened at $106.77 on Monday. The company’s 50 day simple moving average is $102.62 and its 200 day simple moving average is $100.27. Entergy has a fifty-two week low of $87.10 and a fifty-two week high of $109.70. The firm has a market capitalization of $22.77 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 2.11 and a beta of 0.71. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.57 and a quick ratio of 0.32.

Entergy Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently weighed in on ETR shares. KeyCorp lifted their price objective on shares of Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays reduced their price objective on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a research note on Monday, April 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $117.00 price target on shares of Entergy in a research note on Monday, February 26th. Finally, BMO Capital Markets lifted their price target on shares of Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and an average target price of $110.00.

Insider Activity

In other news, EVP Marcus V. Brown sold 8,500 shares of Entergy stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $102.84, for a total value of $874,140.00. Following the sale, the executive vice president now directly owns 9,911 shares in the company, valued at $1,019,247.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $100.35, for a total value of $200,700.00. Following the sale, the executive vice president now directly owns 16,037 shares in the company, valued at $1,609,312.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marcus V. Brown sold 8,500 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the transaction, the executive vice president now owns 9,911 shares in the company, valued at $1,019,247.24. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock worth $1,226,685 over the last ninety days. Insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On Entergy

Institutional investors have recently added to or reduced their stakes in the company. Fairfield Bush & CO. acquired a new position in Entergy during the first quarter worth $29,000. Harbour Investments Inc. increased its holdings in Entergy by 17,550.0% during the third quarter. Harbour Investments Inc. now owns 353 shares of the utilities provider’s stock worth $33,000 after buying an additional 351 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Entergy during the first quarter worth $39,000. Estabrook Capital Management acquired a new position in Entergy during the first quarter worth $48,000. Finally, Resurgent Financial Advisors LLC acquired a new position in Entergy during the fourth quarter worth $53,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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.