CMS Energy (NYSE:CMS) Issues FY 2021 Earnings Guidance

CMS Energy (NYSE:CMS) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.830-2.870 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.860. The company issued revenue guidance of -.CMS Energy also updated its FY 2022 guidance to $2.850-2.870 EPS.

Shares of CMS traded up $0.31 during mid-day trading on Thursday, reaching $60.24. The company had a trading volume of 3,111,446 shares, compared to its average volume of 2,121,291. The firm has a market capitalization of $17.44 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 3.29 and a beta of 0.18. The company’s fifty day simple moving average is $63.01. CMS Energy has a fifty-two week low of $53.19 and a fifty-two week high of $67.98. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.73 and a current ratio of 0.87.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, April 29th. The utilities provider reported $1.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.04. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.01 billion. CMS Energy had a net margin of 12.48% and a return on equity of 14.74%. CMS Energy’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $0.85 EPS. On average, equities research analysts expect that CMS Energy will post 2.88 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 28th. Shareholders of record on Friday, May 7th were issued 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 2.89%. CMS Energy’s dividend payout ratio (DPR) is presently 65.17%.

A number of equities analysts have weighed in on CMS shares. TheStreet upgraded shares of CMS Energy from a c+ rating to a b rating in a report on Thursday, April 8th. Morgan Stanley reduced their target price on shares of CMS Energy from $66.00 to $64.00 and set an equal weight rating on the stock in a report on Wednesday. Seaport Global Securities restated a neutral rating on shares of CMS Energy in a report on Tuesday, April 13th. Wells Fargo & Company reduced their target price on shares of CMS Energy from $75.00 to $70.00 and set an overweight rating on the stock in a report on Wednesday. They noted that the move was a valuation call. Finally, Credit Suisse Group lifted their target price on shares of CMS Energy from $70.00 to $71.00 and gave the company an outperform rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $67.00.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through four segments: Electric Utility, Gas Utility, Enterprises, and EnerBank. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.

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Earnings History and Estimates for CMS Energy (NYSE:CMS)

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