Central Puerto (NYSE:CEPU) Issues Earnings Results

Key Points

• Central Puerto reported a quarterly EPS of $0.48 and revenue of $179.60 million, with a return on equity of 8.93% and a net margin of 12.69%.
• The company’s stock declined by 2.0% to $11.67, with a market cap of $1.77 billion and a P/E ratio of 21.22.
• Analysts at Wall Street Zen upgraded Central Puerto from a "buy" to a "strong-buy" rating, reflecting increased confidence in the company.

Central Puerto (NYSE:CEPU - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.48 EPS for the quarter, Zacks reports. The company had revenue of $179.60 million during the quarter. Central Puerto had a return on equity of 8.93% and a net margin of 12.69%.

Central Puerto Stock Down 2.0%

Central Puerto stock traded down $0.24 on Friday, hitting $11.67. 53,685 shares of the stock traded hands, compared to its average volume of 222,031. The company has a current ratio of 1.23, a quick ratio of 1.13 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.77 billion, a P/E ratio of 21.22 and a beta of 1.10. The business's fifty day simple moving average is $11.96 and its 200 day simple moving average is $12.08. Central Puerto has a 1 year low of $8.50 and a 1 year high of $16.60.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Central Puerto from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 3rd.

Hedge Funds Weigh In On Central Puerto

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of Central Puerto by 13.6% in the 2nd quarter. Bank of America Corp DE now owns 20,531 shares of the company's stock worth $240,000 after purchasing an additional 2,460 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Central Puerto by 4,431.2% in the 1st quarter. NewEdge Advisors LLC now owns 30,540 shares of the company's stock worth $339,000 after buying an additional 29,866 shares in the last quarter. Invesco Ltd. increased its holdings in Central Puerto by 41.1% in the 2nd quarter. Invesco Ltd. now owns 30,434 shares of the company's stock worth $355,000 after buying an additional 8,867 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Central Puerto in the 1st quarter worth about $434,000. Finally, Jane Street Group LLC increased its holdings in Central Puerto by 77.5% in the 1st quarter. Jane Street Group LLC now owns 49,649 shares of the company's stock worth $551,000 after buying an additional 21,673 shares in the last quarter. Hedge funds and other institutional investors own 2.97% of the company's stock.

Central Puerto Company Profile

Central Puerto SA engages in the electric power generation in Argentina. It operates through three segments: Electric Power Generation from Conventional Sources, Electric Power Generation from Renewable Sources, and Natural Gas Transport and Distribution. The company generates energy through thermal, hydroelectric, and wind farms.

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