Central Puerto (NYSE:CEPU) Announces Earnings Results

Key Points

• Central Puerto reported quarterly EPS of $0.58, with a 15.93% return on equity and 37.86% net margin. Reported revenue was $0.47 million, far below the $204.91 million consensus estimate.
• Shares fell $0.47 to $13.31 in Tuesday trading. The company has a $2.02 billion market capitalization, a 6.40 P/E ratio, and a 1-year trading range of $7.43 to $18.50.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $17.50; institutional investors and hedge funds own 2.97% of Central Puerto’s stock.

Central Puerto (NYSE:CEPU - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.58 EPS for the quarter, FiscalAI reports. Central Puerto had a return on equity of 15.93% and a net margin of 37.86%.The business had revenue of $0.47 million during the quarter, compared to the consensus estimate of $204.91 million.

Central Puerto Price Performance

Shares of Central Puerto stock traded down $0.47 during trading on Tuesday, reaching $13.31. 435,013 shares of the company's stock were exchanged, compared to its average volume of 201,241. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.93 and a current ratio of 1.01. 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 $2.02 billion, a P/E ratio of 6.40 and a beta of 0.85. The firm's 50-day moving average price is $14.88 and its 200 day moving average price is $15.25.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wall Street Zen raised shares of Central Puerto from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 23rd. Weiss Ratings raised shares of Central Puerto from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Central Puerto currently has a consensus rating of "Moderate Buy" and an average target price of $17.50.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp bought a new position in shares of Central Puerto in the third quarter worth about $60,000. Brooklyn Investment Group bought a new stake in shares of Central Puerto during the 4th quarter valued at approximately $174,000. Balyasny Asset Management L.P. bought a new stake in shares of Central Puerto during the 4th quarter valued at approximately $202,000. Squarepoint Ops LLC acquired a new position in Central Puerto during the 3rd quarter worth approximately $138,000. Finally, Jump Financial LLC acquired a new position in Central Puerto during the 4th quarter worth approximately $329,000. Institutional investors and hedge funds own 2.97% of the company's stock.

Central Puerto Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source