CMS Energy (CMS) Set to Announce Earnings on Thursday

CMS Energy (NYSE:CMS) will 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 posted its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.05 earnings per share for the quarter, beating 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 analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the business posted $0.60 earnings per share. The business’s revenue 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 Trading Down 0.2 %

CMS stock opened at $59.90 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 1.84. CMS Energy has a twelve month low of $49.87 and a twelve month high of $63.76. The stock has a market capitalization of $17.89 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 2.31 and a beta of 0.38. The firm’s fifty day simple moving average is $58.57 and its two-hundred day simple moving average is $57.34.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Tuesday, May 14th. CMS Energy’s dividend payout ratio is currently 68.44%.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.78, for a total transaction of $202,230.00. Following the completion of the sale, the senior vice president now directly owns 68,971 shares of the company’s stock, valued at $3,985,144.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. BMO Capital Markets boosted their target price on shares of CMS Energy from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Scotiabank lowered their target price on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a research note on Monday. Seaport Res Ptn lowered shares of CMS Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, Royal Bank of Canada lowered their price objective on shares of CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a research note on Monday, March 4th. One 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’s stock. According to data from MarketBeat, the stock presently 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.