Entergy (NYSE:ETR) Releases FY 2023 Earnings Guidance

Entergy (NYSE:ETR) updated its FY 2023 earnings guidance on Tuesday. The company provided earnings per share (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 firms have recently issued reports on ETR. Citigroup increased their price objective on shares of Entergy from $101.00 to $110.00 and gave the stock a neutral rating in a research report on Thursday, August 5th. Mizuho reduced their price target on shares of Entergy from $127.00 to $114.00 and set a buy rating on the stock in a research report on Tuesday, September 21st. Morgan Stanley reduced their price target on shares of Entergy from $123.00 to $122.00 and set an equal weight rating on the stock in a research report on Friday, September 17th. Wells Fargo & Company increased their price objective on shares of Entergy from $120.00 to $125.00 and gave the stock an overweight rating in a report on Tuesday, August 17th. Finally, BMO Capital Markets dropped their price objective on shares of Entergy from $121.00 to $117.00 and set an outperform rating on the stock in a report on Monday, September 27th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Entergy presently has an average rating of Buy and an average price target of $117.57.

NYSE:ETR opened at $102.56 on Thursday. Entergy has a 12 month low of $85.78 and a 12 month high of $115.01. The company’s 50 day moving average is $108.27 and its 200-day moving average is $105.81. The firm has a market cap of $20.61 billion, a price-to-earnings ratio of 16.68, a P/E/G ratio of 13.78 and a beta of 0.57. The company has a quick ratio of 0.70, a current ratio of 1.00 and a debt-to-equity ratio of 2.22.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Tuesday, August 3rd. The utilities provider reported $1.34 earnings per share for the quarter, missing the Zacks’ 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 for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. Research analysts predict that Entergy will post 6.01 EPS for the current fiscal year.

The business also recently declared 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. The ex-dividend date was Wednesday, August 11th. This represents a $3.80 annualized dividend and a yield of 3.71%. Entergy’s dividend payout ratio (DPR) is 67.14%.

An institutional investor recently raised its position in Entergy stock. Morgan Stanley boosted its position in shares of Entergy Co. (NYSE:ETR) by 14.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 739,162 shares of the utilities provider’s stock after purchasing an additional 94,447 shares during the quarter. Morgan Stanley owned about 0.37% of Entergy worth $73,696,000 as of its most recent filing with the Securities and Exchange Commission. 86.16% of the stock is currently owned by hedge funds and other institutional investors.

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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