CMS Energy (CMS) Scheduled to Post Quarterly Earnings on Thursday

CMS Energy (NYSE:CMS) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.07 per share for the quarter. CMS Energy has set its FY 2024 guidance at 3.290-3.350 EPS and its FY24 guidance at $3.29-3.35 EPS.Parties interested in registering for the company’s conference call can do so using this link.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.01. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the firm earned $0.60 earnings per share. CMS Energy’s revenue for the quarter was down 14.4% compared to the same quarter last year. On average, analysts expect CMS Energy to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

CMS Energy Price Performance

NYSE:CMS opened at $60.00 on Tuesday. CMS Energy has a 52 week low of $49.87 and a 52 week high of $63.76. The firm has a market cap of $17.92 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 2.31 and a beta of 0.38. The firm’s 50-day simple moving average is $58.50 and its 200 day simple moving average is $57.29. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 0.98.

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.43%. CMS Energy’s dividend payout ratio is 68.44%.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of CMS Energy stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total transaction of $202,230.00. Following the sale, the senior vice president now directly owns 68,971 shares in the company, valued at approximately $3,985,144.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.53% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on CMS. UBS Group downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a research note on Thursday, April 4th. Scotiabank reduced their price objective on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a research note on Monday. BMO Capital Markets increased their price objective on shares of CMS Energy from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Seaport Res Ptn downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, KeyCorp increased their price objective on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. 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.