CenterPoint Energy (CNP) Issues FY18 Earnings Guidance

CenterPoint Energy (NYSE:CNP) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $1.50-1.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.58. CenterPoint Energy also updated its FY 2018 guidance to $1.55-1.60 EPS.

CenterPoint Energy stock traded down $0.02 during trading on Friday, reaching $28.04. The company had a trading volume of 184,657 shares, compared to its average volume of 4,952,630. CenterPoint Energy has a 52 week low of $24.81 and a 52 week high of $30.17. The stock has a market cap of $13.93 billion, a P/E ratio of 20.47, a P/E/G ratio of 2.99 and a beta of 0.43. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.83 and a current ratio of 0.95.

CenterPoint Energy (NYSE:CNP) last announced its earnings results on Thursday, November 8th. The utilities provider reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.02). CenterPoint Energy had a return on equity of 10.73% and a net margin of 15.43%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the business posted $0.38 earnings per share. CenterPoint Energy’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts predict that CenterPoint Energy will post 1.57 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 15th will be issued a $0.2775 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.11 dividend on an annualized basis and a yield of 3.96%. CenterPoint Energy’s dividend payout ratio is currently 81.02%.

A number of equities analysts recently commented on CNP shares. JPMorgan Chase & Co. raised their target price on CenterPoint Energy from $32.00 to $33.00 and gave the stock an overweight rating in a report on Tuesday, October 9th. ValuEngine raised CenterPoint Energy from a sell rating to a hold rating in a report on Tuesday, July 31st. Zacks Investment Research cut CenterPoint Energy from a buy rating to a hold rating in a report on Tuesday, August 7th. SunTrust Banks reaffirmed a hold rating and issued a $30.00 target price on shares of CenterPoint Energy in a report on Monday, August 6th. Finally, Wells Fargo & Co raised CenterPoint Energy from a market perform rating to an outperform rating and set a $30.00 target price on the stock in a report on Monday, October 8th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. CenterPoint Energy presently has a consensus rating of Hold and a consensus price target of $29.33.

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $27.09, for a total transaction of $108,360.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.22% of the stock is owned by company insiders.

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CenterPoint Energy Company Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.

See Also: Return on Investment (ROI)

Earnings History and Estimates for CenterPoint Energy (NYSE:CNP)

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