Entergy (NYSE:ETR) Issues FY 2024 Earnings Guidance

Entergy (NYSE:ETR) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 7.050-7.350 for the period, compared to the consensus EPS estimate of 7.200. The company issued revenue guidance of -. Entergy also updated its FY24 guidance to $7.05-7.35 EPS.

Entergy Stock Performance

Shares of ETR opened at $106.46 on Thursday. Entergy has a 1 year low of $87.10 and a 1 year high of $109.53. The company has a market cap of $22.70 billion, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 2.12 and a beta of 0.71. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.32 and a current ratio of 0.57. The firm has a fifty day moving average of $103.13 and a 200-day moving average of $100.53.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a return on equity of 10.54% and a net margin of 19.41%. The company had revenue of $31.17 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same period in the previous year, the company earned $1.14 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities analysts anticipate that Entergy will post 7.22 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 4.25%. The ex-dividend date is Wednesday, May 1st. Entergy’s dividend payout ratio (DPR) is presently 40.76%.

Analyst Ratings Changes

ETR has been the topic of several research reports. Royal Bank of Canada reiterated an outperform rating and issued a $117.00 price target on shares of Entergy in a research report on Monday, February 26th. BMO Capital Markets boosted their price objective on Entergy from $110.00 to $113.00 and gave the stock an outperform rating in a report on Monday, February 26th. Barclays cut their price objective on Entergy from $108.00 to $107.00 and set an equal weight rating on the stock in a report on Monday, April 15th. KeyCorp boosted their price objective on Entergy from $108.00 to $112.00 and gave the stock an overweight rating in a report on Friday, April 19th. Finally, Scotiabank cut their price objective on Entergy from $111.00 to $104.00 and set a sector perform rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $109.45.

Insider Activity at Entergy

In related news, insider Deanna D. Rodriguez sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total value of $151,845.00. Following the completion of the sale, the insider now owns 3,442 shares of the company’s stock, valued at approximately $348,433.66. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the completion of the sale, the executive vice president now owns 16,037 shares of the company’s stock, valued at $1,609,312.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Deanna D. Rodriguez sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total value of $151,845.00. Following the sale, the insider now directly owns 3,442 shares of the company’s stock, valued at approximately $348,433.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,000 shares of company stock valued at $1,226,685. 0.39% of the stock is owned by corporate insiders.

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.