NRG Energy, Inc. (NYSE:NRG) is set to release its earnings data before the market opens on Thursday, November 2nd. Analysts expect NRG Energy to post earnings of $1.12 per share for the quarter.
NRG Energy (NYSE:NRG) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.31. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the prior year, the company earned ($0.61) EPS. NRG Energy’s revenue was up 20.2% on a year-over-year basis. On average, analysts expect NRG Energy to post $0.74 EPS for the current fiscal year and $1.74 EPS for the next fiscal year.
NRG Energy, Inc. (NYSE:NRG) opened at 25.00 on Wednesday. The company’s 50-day moving average price is $24.96 and its 200 day moving average price is $21.15. NRG Energy, Inc. has a 1-year low of $9.84 and a 1-year high of $26.68. The firm’s market cap is $7.91 billion.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Tuesday, October 31st. NRG Energy’s dividend payout ratio is currently -2.75%.
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A number of equities research analysts have issued reports on NRG shares. SunTrust Banks, Inc. reissued a “hold” rating and set a $25.00 price target on shares of NRG Energy in a research report on Friday, October 20th. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Tuesday, September 12th. Barclays PLC reissued an “overweight” rating and set a $27.00 price target on shares of NRG Energy in a research report on Thursday, July 13th. They noted that the move was a valuation call. Bank of America Corporation started coverage on NRG Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $31.00 price target for the company. Finally, ValuEngine downgraded NRG Energy from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 27th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $24.67.
NRG Energy Company Profile
NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.
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