Entergy (ETR) Releases FY19 Earnings Guidance

Entergy (NYSE:ETR) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $5.10-5.50 for the period, compared to the Thomson Reuters consensus estimate of $5.70. Entergy also updated its FY 2019 guidance to $5.10-5.50 EPS.

A number of equities analysts have recently commented on the stock. Macquarie raised shares of Entergy from a neutral rating to an outperform rating in a report on Monday. Wells Fargo & Co lifted their target price on shares of Entergy from $99.00 to $105.00 and gave the company an outperform rating in a report on Thursday, February 21st. Morgan Stanley lifted their target price on shares of Entergy from $88.00 to $91.00 and gave the company an equal weight rating in a report on Tuesday, February 12th. Zacks Investment Research cut shares of Entergy from a buy rating to a hold rating in a report on Wednesday, February 6th. Finally, ValuEngine raised shares of Entergy from a hold rating to a buy rating in a report on Friday, December 21st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Entergy currently has an average rating of Buy and a consensus target price of $90.79.

Shares of Entergy stock traded up $1.47 during trading on Monday, reaching $93.96. The company’s stock had a trading volume of 2,516,449 shares, compared to its average volume of 1,471,273. The stock has a market capitalization of $16.75 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 2.55 and a beta of 0.39. Entergy has a fifty-two week low of $75.45 and a fifty-two week high of $93.96. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.54 and a quick ratio of 0.49.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, February 20th. The utilities provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.12. The business had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Entergy had a net margin of 7.83% and a return on equity of 16.22%. During the same period in the previous year, the company posted $0.76 EPS. Analysts anticipate that Entergy will post 5.47 earnings per share for the current year.

In other Entergy news, CFO Andrew S. Marsh sold 8,000 shares of the business’s stock in a transaction on Friday, January 25th. The shares were sold at an average price of $88.14, for a total value of $705,120.00. Following the transaction, the chief financial officer now directly owns 76,343 shares of the company’s stock, valued at approximately $6,728,872.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Haley Fisackerly sold 2,533 shares of the business’s stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $90.00, for a total transaction of $227,970.00. The disclosure for this sale can be found here. Insiders sold a total of 59,342 shares of company stock worth $5,361,432 over the last three months. 0.25% of the stock is currently owned by corporate insiders.

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About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

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