Duke Energy (DUK) to Release Earnings on Tuesday

Duke Energy (NYSE:DUK - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Duke Energy to post earnings of $1.39 per share for the quarter. Duke Energy has set its FY24 guidance at $5.85-6.10 EPS and its FY 2024 guidance at 5.850-6.100 EPS.Parties that wish to register for the company's conference call can do so using this link.

Duke Energy (NYSE:DUK - Get Free Report) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.02). The business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. Duke Energy's revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the business earned $1.11 earnings per share. On average, analysts expect Duke Energy to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Duke Energy Price Performance

Shares of Duke Energy stock traded down $0.47 on Tuesday, reaching $98.26. The company's stock had a trading volume of 2,488,660 shares, compared to its average volume of 2,968,449. The company has a market capitalization of $75.80 billion, a P/E ratio of 27.68, a PEG ratio of 2.60 and a beta of 0.46. The stock has a 50-day moving average price of $95.10 and a 200-day moving average price of $93.94. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50. Duke Energy has a 52-week low of $83.06 and a 52-week high of $100.13.

Insider Transactions at Duke Energy

In other news, EVP Louis E. Renjel sold 3,000 shares of the business's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction of $277,710.00. Following the sale, the executive vice president now owns 14,213 shares of the company's stock, valued at approximately $1,315,697.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

DUK has been the subject of a number of research reports. Bank of America boosted their target price on shares of Duke Energy from $96.00 to $100.00 and gave the stock a "neutral" rating in a research note on Thursday, April 11th. Scotiabank dropped their price objective on shares of Duke Energy from $101.00 to $94.00 and set a "sector perform" rating for the company in a research note on Monday, April 22nd. Mizuho raised their target price on shares of Duke Energy from $89.00 to $99.00 and gave the stock a "neutral" rating in a research note on Friday, April 5th. Wells Fargo & Company reduced their price objective on Duke Energy from $103.00 to $100.00 and set an "overweight" rating on the stock in a research report on Friday, February 9th. Finally, BMO Capital Markets dropped their price objective on shares of Duke Energy from $101.00 to $99.00 and set an "outperform" rating for the company in a report on Tuesday, April 16th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $100.62.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.