Central Puerto (NYSE:CEPU) Issues Earnings Results

Central Puerto (NYSE:CEPU) issued its quarterly earnings results on Wednesday. The company reported $0.64 earnings per share (EPS) for the quarter, FiscalAI reports. Central Puerto had a return on equity of 16.32% and a net margin of 29.58%. The company had revenue of $523.67 million for the quarter, compared to analysts’ expectations of $320.29 million.

Central Puerto Price Performance

Shares of CEPU traded up $0.03 during trading hours on Wednesday, hitting $10.20. 304,085 shares of the company were exchanged, compared to its average volume of 306,754. The company has a market capitalization of $1.54 billion, a PE ratio of 3.40 and a beta of 0.85. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.28 and a quick ratio of 1.19. The firm has a fifty day simple moving average of $12.49 and a 200-day simple moving average of $14.41. Central Puerto has a one year low of $9.61 and a one year high of $18.50.

Central Puerto Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, October 7th. Stockholders of record on Monday, September 28th were paid a dividend of $1.0758 per share. The ex-dividend date of this dividend was Monday, September 28th. Central Puerto’s dividend payout ratio (DPR) is currently 29.67%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wall Street Zen lowered Central Puerto from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Bank of America lowered their target price on Central Puerto from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, September 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Central Puerto in a research report on Wednesday, August 26th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.00.

Central Puerto Company Profile

Central Puerto S.A. is an Argentina-based electric power generation company. It operates power plants that produce electricity for the country’s wholesale electricity market, serving utilities, businesses and other users through Argentina’s electricity system. The company’s generation portfolio includes thermal, hydroelectric and renewable energy assets, including wind and solar facilities. Its thermal plants use fuels such as natural gas, while its renewable operations add electricity from non-fossil sources to the portfolio.