CMS Energy (NYSE:CMS) Issues FY 2022 Earnings Guidance

CMS Energy (NYSE:CMS) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.850-2.870 for the period, compared to the Thomson Reuters consensus estimate of $3.060. The company issued revenue guidance of -.CMS Energy also updated its FY 2021 guidance to $2.830-2.870 EPS.

A number of research firms have issued reports on CMS. Zacks Investment Research upgraded shares of CMS Energy from a hold rating to a buy rating and set a $69.00 price target for the company in a report on Wednesday, April 21st. Barclays increased their target price on CMS Energy from $67.00 to $73.00 and gave the company an overweight rating in a research note on Tuesday, May 25th. TheStreet raised CMS Energy from a c+ rating to a b rating in a research report on Thursday, April 8th. Wells Fargo & Company cut their price target on CMS Energy from $75.00 to $70.00 and set an overweight rating for the company in a report on Wednesday. They noted that the move was a valuation call. Finally, Credit Suisse Group raised their price objective on shares of CMS Energy from $70.00 to $71.00 and gave the stock an outperform rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $67.00.

Shares of NYSE CMS traded up $0.31 during trading hours on Thursday, reaching $60.24. The stock had a trading volume of 3,111,446 shares, compared to its average volume of 2,121,291. The stock has a fifty day moving average price of $63.01. The company has a current ratio of 0.87, a quick ratio of 0.73 and a debt-to-equity ratio of 2.16. The company has a market capitalization of $17.44 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 3.29 and a beta of 0.18. CMS Energy has a twelve month low of $53.19 and a twelve month high of $67.98.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, April 29th. The utilities provider reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.04. CMS Energy had a net margin of 12.48% and a return on equity of 14.74%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. Research analysts predict that CMS Energy will post 2.88 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 28th. Investors of record on Friday, May 7th were given a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 2.89%. The ex-dividend date was Thursday, May 6th. CMS Energy’s dividend payout ratio (DPR) is presently 65.17%.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through four segments: Electric Utility, Gas Utility, Enterprises, and EnerBank. 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.

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Earnings History and Estimates for CMS Energy (NYSE:CMS)

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