Entergy (NYSE:ETR) Releases FY20 Earnings Guidance

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Entergy (NYSE:ETR) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $5.45-5.75 for the period, compared to the Thomson Reuters consensus estimate of $5.57. Entergy also updated its FY 2020
Pre-Market guidance to 5.45-5.75 EPS.

A number of brokerages have issued reports on ETR. KeyCorp raised their target price on Entergy from $129.00 to $136.00 and gave the stock an overweight rating in a report on Thursday. Royal Bank of Canada restated a hold rating and set a $118.00 target price on shares of Entergy in a report on Monday, January 20th. Bank of America raised their target price on Entergy from $125.00 to $128.00 and gave the stock a buy rating in a report on Tuesday, December 3rd. UBS Group raised their target price on Entergy from $134.00 to $140.00 and gave the stock a neutral rating in a report on Friday. Finally, Mizuho restated a buy rating and set a $123.00 target price (up previously from $121.00) on shares of Entergy in a report on Monday, December 23rd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $128.00.

Shares of ETR opened at $129.96 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.53 and a debt-to-equity ratio of 1.67. Entergy has a 1 year low of $91.06 and a 1 year high of $135.55. The stock has a market cap of $26.17 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 3.36 and a beta of 0.25. The stock’s 50-day moving average price is $127.80 and its two-hundred day moving average price is $118.67.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.02. Entergy had a return on equity of 11.02% and a net margin of 11.57%. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the business earned $0.60 earnings per share. As a group, equities analysts forecast that Entergy will post 5.59 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Wednesday, February 12th. Entergy’s dividend payout ratio (DPR) is presently 68.89%.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

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