Entergy (ETR) Scheduled to Post Quarterly Earnings on Wednesday

Entergy (NYSE:ETR) is scheduled to be releasing its earnings data before the market opens on Wednesday, April 24th. Analysts expect Entergy to announce 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.Parties that are interested in registering for the company’s conference call can do so using this link.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. Entergy had a return on equity of 10.54% and a net margin of 19.41%. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same period in the previous year, the company posted $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 Performance

Shares of ETR stock opened at $107.45 on Tuesday. The company’s fifty day moving average price is $102.79 and its two-hundred day moving average price is $100.38. 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 firm has a market capitalization of $22.91 billion, a P/E ratio of 9.69, a P/E/G ratio of 2.11 and a beta of 0.71. Entergy has a 12 month low of $87.10 and a 12 month high of $109.53.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders 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 dividend yield of 4.21%. The ex-dividend date is Wednesday, May 1st. Entergy’s dividend payout ratio (DPR) is currently 40.76%.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $117.00 price target on shares of Entergy in a research note on Monday, February 26th. KeyCorp boosted their price target on Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday. BMO Capital Markets raised their price objective on Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Scotiabank lowered their target price on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a research note on Monday. Finally, Barclays reduced their price target on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Entergy currently has an average rating of “Moderate Buy” and a consensus target price of $109.45.

Insider Activity at Entergy

In related news, EVP Kimberly Cook-Nelson sold 2,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $100.35, for a total value of $200,700.00. Following the completion of the transaction, the executive vice president now directly owns 16,037 shares of the company’s stock, valued at $1,609,312.95. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Deanna D. Rodriguez sold 1,500 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 3,442 shares of the company’s stock, valued at approximately $348,433.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $100.35, for a total value of $200,700.00. Following the completion of the transaction, the executive vice president now directly owns 16,037 shares of the company’s stock, valued at $1,609,312.95. 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 three months. Company insiders own 0.54% of the company’s stock.

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.