Central Puerto (CEPU) Projected to Post Earnings on Thursday

Central Puerto (NYSE:CEPU) is projected to release its results before the market opens on Thursday, August 13th. Analysts expect Central Puerto to announce earnings of $0.0002 per share and revenue of $204.9080 million for the quarter.

Central Puerto (NYSE:CEPU) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.64. Central Puerto had a return on equity of 15.93% and a net margin of 37.86%.The company had revenue of $248.52 million for the quarter, compared to analysts’ expectations of $243.07 million. On average, analysts expect Central Puerto to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Central Puerto Trading Down 1.4%

Shares of CEPU stock opened at $13.78 on Tuesday. The company has a market cap of $2.09 billion, a PE ratio of 6.63 and a beta of 0.85. Central Puerto has a 1 year low of $7.43 and a 1 year high of $18.50. The stock’s 50 day simple moving average is $14.92 and its two-hundred day simple moving average is $15.27. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.01 and a quick ratio of 0.93.

Institutional Trading of Central Puerto

A number of large investors have recently made changes to their positions in CEPU. Van ECK Associates Corp purchased a new position in Central Puerto in the 3rd quarter worth about $60,000. Brooklyn Investment Group purchased a new stake in Central Puerto in the 4th quarter valued at about $174,000. Balyasny Asset Management L.P. purchased a new stake in Central Puerto in the 4th quarter valued at about $202,000. Squarepoint Ops LLC bought a new position in Central Puerto in the 3rd quarter worth about $138,000. Finally, Jump Financial LLC bought a new position in Central Puerto in the 4th quarter worth about $329,000. 2.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CEPU shares. Wall Street Zen upgraded Central Puerto from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded shares of Central Puerto from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.50.

About Central Puerto

Central Puerto SA (NYSE: CEPU) is Argentina’s leading private power generation company, managing a diversified portfolio of thermal and renewable energy facilities across the country. Established following the privatization of the state-owned electricity company in the early 1990s, Central Puerto develops, operates and maintains a mix of combined-cycle and open-cycle gas turbine plants, as well as hydroelectric and renewable installations. The company’s thermal assets provide baseload and flexible generation capacity, while its renewable portfolio includes wind farms and solar parks that support Argentina’s clean energy objectives.

Headquartered in Buenos Aires, Central Puerto serves the national wholesale electricity market through long-term contracts with distribution companies and major industrial clients.