CMS Energy (NYSE:CMS) is set to announce its earnings results before the market opens on Thursday, July 29th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. CMS Energy has set its FY21 guidance at $2.83-2.87 EPS and its FY 2021 guidance at 2.830-2.870 EPS.Investors that are interested in participating in the company's conference call can do so using this link.
CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, April 29th. The utilities provider reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.17 by $0.04. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.01 billion. CMS Energy had a return on equity of 14.74% and a net margin of 12.48%. The company's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. On average, analysts expect CMS Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
CMS stock opened at $61.04 on Thursday. The stock has a market cap of $17.67 billion, a P/E ratio of 20.35, a P/E/G ratio of 3.12 and a beta of 0.18. CMS Energy has a 1 year low of $53.19 and a 1 year high of $67.98. The company has a current ratio of 0.87, a quick ratio of 0.73 and a debt-to-equity ratio of 2.16. The business has a fifty day moving average price of $61.14.
The company also recently declared a quarterly dividend, which was paid on Friday, May 28th. Stockholders of record on Friday, May 7th were paid a $0.435 dividend. The ex-dividend date was Thursday, May 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 2.85%. CMS Energy's dividend payout ratio (DPR) is currently 65.17%.
A number of equities analysts have recently issued reports on CMS shares. Credit Suisse Group raised their price target on CMS Energy from $70.00 to $71.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 9th. Seaport Global Securities reaffirmed a "neutral" rating on shares of CMS Energy in a report on Tuesday, April 13th. Barclays raised their target price on CMS Energy from $67.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, May 25th. Vertical Research cut CMS Energy from a "buy" rating to a "hold" rating in a report on Wednesday, June 9th. Finally, Wells Fargo & Company decreased their target price on CMS Energy from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, June 9th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company has an average rating of "Hold" and an average target price of $67.14.
CMS Energy Company Profile
CMS Energy Corp. is a holding company, which engages in business through its subsidiaries. It operates through the following business segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution and sale of electricity.
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