Duke Energy (DUK) Issues FY18 Earnings Guidance

Duke Energy (NYSE:DUK) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $4.55-4.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.78.

Shares of Duke Energy (NYSE:DUK) opened at $76.70 on Tuesday. Duke Energy has a fifty-two week low of $72.93 and a fifty-two week high of $91.80. The firm has a market capitalization of $53,688.13, a P/E ratio of 25.31, a PEG ratio of 3.99 and a beta of 0.12. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.02. The company had revenue of $5.85 billion for the quarter, compared to analyst estimates of $6.09 billion. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. Duke Energy’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 EPS. research analysts expect that Duke Energy will post 4.56 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.64%. The ex-dividend date is Thursday, February 15th. Duke Energy’s dividend payout ratio is 117.49%.

DUK has been the topic of several recent analyst reports. Guggenheim reaffirmed a buy rating and issued a $96.00 price target on shares of Duke Energy in a research note on Wednesday, January 3rd. Goldman Sachs Group lowered Duke Energy from a buy rating to a neutral rating and boosted their price target for the company from $80.11 to $88.00 in a research note on Wednesday, January 10th. SunTrust Banks reaffirmed a hold rating and issued a $90.00 price target on shares of Duke Energy in a research note on Monday, November 6th. Credit Suisse Group raised Duke Energy from a neutral rating to an outperform rating and decreased their price target for the company from $91.00 to $83.00 in a research note on Tuesday, January 23rd. Finally, Royal Bank of Canada reaffirmed a buy rating and issued a $87.00 price target on shares of Duke Energy in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. Duke Energy currently has an average rating of Hold and an average price target of $87.18.

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Duke Energy Company Profile

Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.

Earnings History and Estimates for Duke Energy (NYSE:DUK)

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