CenterPoint Energy (CNP) to Release Quarterly Earnings on Thursday

CenterPoint Energy (NYSE:CNP) is anticipated to release its earnings data before the market opens on Thursday, April 24th. Analysts expect CenterPoint Energy to post earnings of $0.58 per share and revenue of $2.73 billion for the quarter. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

CenterPoint Energy (NYSE:CNP) last announced its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.46 billion. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. On average, analysts expect CenterPoint Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CenterPoint Energy Price Performance

Shares of CenterPoint Energy stock opened at $36.83 on Thursday. The stock has a market capitalization of $24.04 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 2.71 and a beta of 0.65. The firm’s 50-day moving average price is $35.03 and its two-hundred day moving average price is $32.52. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.91. CenterPoint Energy has a 1-year low of $25.41 and a 1-year high of $37.70.

CenterPoint Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.39%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 55.35%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CNP. BMO Capital Markets boosted their price objective on CenterPoint Energy from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Monday, March 17th. Morgan Stanley increased their price objective on shares of CenterPoint Energy from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Jefferies Financial Group initiated coverage on shares of CenterPoint Energy in a research note on Wednesday, April 2nd. They issued a “buy” rating and a $42.00 target price for the company. Argus upgraded shares of CenterPoint Energy to a “hold” rating in a research report on Friday, April 4th. Finally, Guggenheim lowered shares of CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $34.46.

Hedge Funds Weigh In On CenterPoint Energy

A hedge fund recently bought a new stake in CenterPoint Energy stock. Brighton Jones LLC acquired a new position in shares of CenterPoint Energy, Inc. (NYSE:CNP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,018 shares of the utilities provider’s stock, valued at approximately $254,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.