Entergy (NYSE:ETR) Issues FY 2023 Earnings Guidance

Entergy (NYSE:ETR) updated its FY 2023 earnings guidance on Tuesday. The company provided EPS guidance of $6.550-$6.850 for the period. The company issued revenue guidance of -.Entergy also updated its FY 2021 guidance to $5.800-$6.100 EPS.

Several research analysts have weighed in on ETR shares. BMO Capital Markets lowered their price objective on Entergy from $121.00 to $117.00 and set an outperform rating on the stock in a research report on Monday, September 27th. Mizuho reduced their price objective on Entergy from $127.00 to $114.00 and set a buy rating on the stock in a research note on Tuesday, September 21st. Wells Fargo & Company lifted their price target on Entergy from $120.00 to $125.00 and gave the company an overweight rating in a research note on Tuesday, August 17th. Citigroup lifted their price objective on Entergy from $101.00 to $110.00 and gave the stock a neutral rating in a research note on Thursday, August 5th. Finally, Morgan Stanley lowered their target price on Entergy from $123.00 to $122.00 and set an equal weight rating for the company in a report on Friday, September 17th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and a consensus price target of $117.57.

Shares of Entergy stock opened at $102.56 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.70 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $20.61 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 13.78 and a beta of 0.57. The business’s 50-day moving average price is $108.27 and its 200-day moving average price is $105.81. Entergy has a 12 month low of $85.78 and a 12 month high of $115.01.

Entergy (NYSE:ETR) last released its quarterly earnings data on Tuesday, August 3rd. The utilities provider reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.06). Entergy had a return on equity of 11.12% and a net margin of 11.48%. The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter last year, the business posted $1.37 EPS. As a group, analysts predict that Entergy will post 6.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Investors of record on Thursday, August 12th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Wednesday, August 11th. Entergy’s dividend payout ratio (DPR) is presently 67.14%.

An institutional investor recently raised its position in Entergy stock. Morgan Stanley boosted its stake in shares of Entergy Co. (NYSE:ETR) by 14.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 739,162 shares of the utilities provider’s stock after purchasing an additional 94,447 shares during the period. Morgan Stanley owned about 0.37% of Entergy worth $73,696,000 at the end of the most recent quarter. Institutional investors own 86.16% of the company’s stock.

About Entergy

Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution, and sale of electric power; and operations of a natural gas distribution business.

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Earnings History and Estimates for Entergy (NYSE:ETR)

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