CenterPoint Energy (CNP) to Release Earnings on Tuesday

CenterPoint Energy (NYSE:CNP) is scheduled to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. CenterPoint Energy has set its FY 2024 guidance at 1.610-1.630 EPS and its FY24 guidance at $1.61-1.63 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

CenterPoint Energy (NYSE:CNP) last posted its earnings results on Tuesday, February 20th. The utilities provider reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. CenterPoint Energy had a net margin of 10.55% and a return on equity of 10.44%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the firm posted $0.28 EPS. On average, analysts expect CenterPoint Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CenterPoint Energy Stock Performance

NYSE:CNP opened at $28.85 on Friday. CenterPoint Energy has a twelve month low of $25.42 and a twelve month high of $31.43. The company has a market capitalization of $18.26 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 2.58 and a beta of 0.92. The firm has a 50-day moving average price of $28.04 and a two-hundred day moving average price of $28.02. The company has a current ratio of 0.78, a quick ratio of 0.58 and a debt-to-equity ratio of 1.82.

CenterPoint Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.77%. CenterPoint Energy’s dividend payout ratio is currently 58.82%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CNP. Scotiabank decreased their target price on shares of CenterPoint Energy from $31.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Guggenheim dropped their price objective on shares of CenterPoint Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Mizuho restated a “neutral” rating and issued a $29.00 price target (down previously from $30.00) on shares of CenterPoint Energy in a research note on Wednesday, February 21st. Barclays lifted their price objective on shares of CenterPoint Energy from $28.00 to $29.00 and gave the stock an “underweight” rating in a report on Thursday, March 14th. Finally, Evercore ISI downgraded shares of CenterPoint Energy from an “outperform” rating to an “in-line” rating and boosted their price target for the company from $29.00 to $30.00 in a report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.18.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.