Entergy (NYSE:ETR) Releases FY24 Earnings Guidance

Entergy (NYSE:ETR - Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $7.05-7.35 for the period, compared to the consensus EPS estimate of $7.21. Entergy also updated its FY 2024 guidance to 7.050-7.350 EPS.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. BMO Capital Markets increased their price target on shares of Entergy from $110.00 to $113.00 and gave the company an outperform rating in a research report on Monday, February 26th. Barclays reduced their price target on shares of Entergy from $108.00 to $107.00 and set an equal weight rating on the stock in a research report on Monday, April 15th. Royal Bank of Canada restated an outperform rating and issued a $117.00 price objective on shares of Entergy in a research report on Monday, February 26th. KeyCorp raised their price objective on Entergy from $108.00 to $112.00 and gave the stock an overweight rating in a research note on Friday, April 19th. Finally, Scotiabank decreased their target price on Entergy from $111.00 to $104.00 and set a sector perform rating for the company in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $109.45.

Entergy Stock Down 0.7 %

ETR traded down $0.72 during trading hours on Wednesday, hitting $106.46. 2,446,413 shares of the company's stock were exchanged, compared to its average volume of 1,411,738. The stock has a market cap of $22.70 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 2.12 and a beta of 0.71. Entergy has a 1-year low of $87.10 and a 1-year high of $109.53. The stock's 50-day moving average is $102.96 and its two-hundred day moving average is $100.48. The company has a quick ratio of 0.32, a current ratio of 0.57 and a debt-to-equity ratio of 1.57.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.27). The business had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. Entergy had a return on equity of 10.54% and a net margin of 19.41%. The company's quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 earnings per share. Sell-side analysts predict that Entergy will post 7.22 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Wednesday, May 1st. Entergy's dividend payout ratio (DPR) is 40.76%.

Insider Transactions at Entergy

In related news, insider Deanna D. Rodriguez sold 1,500 shares of the business's stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the transaction, the insider now directly owns 3,442 shares in the company, valued at $348,433.66. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Deanna D. Rodriguez sold 1,500 shares of the firm's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $101.23, for a total value of $151,845.00. Following the completion of the sale, the insider now directly owns 3,442 shares in the company, valued at approximately $348,433.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marcus V. Brown sold 8,500 shares of the business's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $102.84, for a total value of $874,140.00. Following the transaction, the executive vice president now directly owns 9,911 shares in the company, valued at approximately $1,019,247.24. The disclosure for this sale can be found here. Insiders have sold a total of 12,000 shares of company stock worth $1,226,685 in the last 90 days. Corporate insiders own 0.54% of the company's stock.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.