Central Puerto (CEPU) to Release Earnings on Tuesday

Key Points

• Central Puerto will report earnings before the market opens on Tuesday, May 12, with analysts expecting earnings of $0.2562 per share and revenue of $241.516 million for the quarter.
• Shares recently traded at $14.43 with a market cap of $2.18 billion and a forward PE of 8.61, and the stock sits in a 1‑year range of $7.43 to $18.50.
• Analysts have an average rating of Moderate Buy with a consensus price target of $17.50, while several institutions (Invesco, State of Wisconsin Investment Board, Schonfeld, Verition, Acadian) recently adjusted or initiated positions; institutional ownership is about 2.97%.

Central Puerto (NYSE:CEPU - Get Free Report) is expected to post its results before the market opens on Tuesday, May 12th. Analysts expect Central Puerto to post earnings of $0.2562 per share and revenue of $241.5160 million for the quarter.

Central Puerto Price Performance

Shares of NYSE CEPU traded up $0.14 during trading hours on Tuesday, hitting $14.43. 44,173 shares of the stock were exchanged, compared to its average volume of 354,783. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.67 and a current ratio of 1.77. Central Puerto has a 1-year low of $7.43 and a 1-year high of $18.50. The company has a market cap of $2.18 billion, a PE ratio of 8.61 and a beta of 0.84. The company's fifty day simple moving average is $15.53 and its two-hundred day simple moving average is $15.44.

Hedge Funds Weigh In On Central Puerto

A number of institutional investors have recently modified their holdings of CEPU. Invesco Ltd. raised its holdings in Central Puerto by 17.5% during the fourth quarter. Invesco Ltd. now owns 35,669 shares of the company's stock worth $624,000 after buying an additional 5,317 shares during the last quarter. State of Wisconsin Investment Board bought a new stake in Central Puerto during the 4th quarter worth approximately $551,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Central Puerto in the fourth quarter worth approximately $537,000. Verition Fund Management LLC lifted its holdings in shares of Central Puerto by 125.4% in the fourth quarter. Verition Fund Management LLC now owns 25,786 shares of the company's stock valued at $451,000 after purchasing an additional 14,346 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Central Puerto during the first quarter valued at approximately $434,000. 2.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wall Street Zen cut shares of Central Puerto from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 14th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Central Puerto in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Central Puerto currently has an average rating of "Moderate Buy" and an average price target of $17.50.

About Central Puerto

Central Puerto SA NYSE: CEPU is Argentina's leading private power generation company, managing a diversified portfolio of thermal and renewable energy facilities across the country. Established following the privatization of the state-owned electricity company in the early 1990s, Central Puerto develops, operates and maintains a mix of combined-cycle and open-cycle gas turbine plants, as well as hydroelectric and renewable installations. The company's thermal assets provide baseload and flexible generation capacity, while its renewable portfolio includes wind farms and solar parks that support Argentina's clean energy objectives.

Headquartered in Buenos Aires, Central Puerto serves the national wholesale electricity market through long-term contracts with distribution companies and major industrial clients.

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