CenterPoint Energy (NYSE:CNP – Get Free Report) will be issuing its quarterly earnings data before the market opens on Tuesday, July 30th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. CenterPoint Energy has set its FY 2024 guidance at 1.610-1.630 EPS and its FY24 guidance at $1.61-1.63 EPS.Parties interested in participating in the company’s conference call can do so using this link.
CenterPoint Energy (NYSE:CNP – Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. CenterPoint Energy had a return on equity of 10.57% and a net margin of 11.03%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the company earned $0.50 earnings per share. 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 Trading Up 1.7 %
Shares of CNP stock opened at $29.36 on Monday. The company has a market capitalization of $18.78 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 2.58 and a beta of 0.92. The company has a current ratio of 1.25, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a 50-day moving average price of $30.07 and a 200 day moving average price of $28.87. CenterPoint Energy has a twelve month low of $25.42 and a twelve month high of $31.57.
Analysts Set New Price Targets
View Our Latest Report on CenterPoint Energy
Insiders Place Their Bets
In other news, Director Barry T. Smitherman sold 5,670 shares of CenterPoint Energy stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $29.42, for a total value of $166,811.40. Following the transaction, the director now directly owns 21,203 shares of the company’s stock, valued at approximately $623,792.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by insiders.
About CenterPoint Energy
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.
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