Entergy Co. to Post Q2 2024 Earnings of $1.80 Per Share, Zacks Research Forecasts (NYSE:ETR)

Entergy Co. (NYSE:ETR) – Equities researchers at Zacks Research issued their Q2 2024 EPS estimates for shares of Entergy in a research report issued on Wednesday, July 31st. Zacks Research analyst R. Department expects that the utilities provider will post earnings of $1.80 per share for the quarter. The consensus estimate for Entergy’s current full-year earnings is $7.21 per share. Zacks Research also issued estimates for Entergy’s FY2024 earnings at $7.17 EPS, Q4 2025 earnings at $1.51 EPS, Q1 2026 earnings at $1.95 EPS and Q2 2026 earnings at $1.93 EPS.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.16. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the previous year, the business earned $1.84 EPS.

A number of other brokerages have also weighed in on ETR. Morgan Stanley reduced their target price on shares of Entergy from $103.00 to $98.00 and set an “underweight” rating for the company in a research note on Monday, June 24th. Mizuho upped their target price on shares of Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. KeyCorp upped their target price on shares of Entergy from $112.00 to $123.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Guggenheim upped their target price on shares of Entergy from $118.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Barclays reduced their target price on shares of Entergy from $116.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $117.12.

Entergy Price Performance

Shares of ETR stock opened at $120.80 on Friday. The firm has a market capitalization of $25.80 billion, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 2.29 and a beta of 0.71. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. Entergy has a 12-month low of $87.10 and a 12-month high of $123.61. The firm has a fifty day moving average of $109.08 and a 200-day moving average of $105.71.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.74%. Entergy’s payout ratio is 45.34%.

Insider Activity

In other news, CAO Reginald T. Jackson sold 9,229 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $108.71, for a total value of $1,003,284.59. Following the sale, the chief accounting officer now directly owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Reginald T. Jackson sold 9,229 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $108.71, for a total value of $1,003,284.59. Following the sale, the chief accounting officer now directly owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Haley Fisackerly sold 1,500 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $110.23, for a total transaction of $165,345.00. Following the completion of the sale, the insider now directly owns 2,479 shares in the company, valued at $273,260.17. The disclosure for this sale can be found here. 0.39% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ETR. Tidemark LLC acquired a new position in shares of Entergy during the 4th quarter worth approximately $25,000. Iron Horse Wealth Management LLC acquired a new position in shares of Entergy during the 2nd quarter worth approximately $25,000. Heritage Wealth Advisors grew its position in shares of Entergy by 2,172.7% during the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 239 shares in the last quarter. American National Bank grew its position in shares of Entergy by 93.7% during the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 134 shares in the last quarter. Finally, TruNorth Capital Management LLC acquired a new position in shares of Entergy during the 2nd quarter worth approximately $32,000. 88.07% of the stock is owned by institutional investors.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.