Entergy (NYSE:ETR) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $5.10-5.50 for the period, compared to the Thomson Reuters consensus estimate of $5.70. Entergy also updated its FY 2019 guidance to $5.10-5.50 EPS.
A number of equities analysts have recently commented on the stock. Macquarie raised shares of Entergy from a neutral rating to an outperform rating in a report on Monday. Wells Fargo & Co lifted their target price on shares of Entergy from $99.00 to $105.00 and gave the company an outperform rating in a report on Thursday, February 21st. Morgan Stanley lifted their target price on shares of Entergy from $88.00 to $91.00 and gave the company an equal weight rating in a report on Tuesday, February 12th. Zacks Investment Research cut shares of Entergy from a buy rating to a hold rating in a report on Wednesday, February 6th. Finally, ValuEngine raised shares of Entergy from a hold rating to a buy rating in a report on Friday, December 21st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Entergy currently has an average rating of Buy and a consensus target price of $90.79.
Shares of Entergy stock traded up $1.47 during trading on Monday, reaching $93.96. The company’s stock had a trading volume of 2,516,449 shares, compared to its average volume of 1,471,273. The stock has a market capitalization of $16.75 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 2.55 and a beta of 0.39. Entergy has a fifty-two week low of $75.45 and a fifty-two week high of $93.96. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.54 and a quick ratio of 0.49.
In other Entergy news, CFO Andrew S. Marsh sold 8,000 shares of the business’s stock in a transaction on Friday, January 25th. The shares were sold at an average price of $88.14, for a total value of $705,120.00. Following the transaction, the chief financial officer now directly owns 76,343 shares of the company’s stock, valued at approximately $6,728,872.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Haley Fisackerly sold 2,533 shares of the business’s stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $90.00, for a total transaction of $227,970.00. The disclosure for this sale can be found here. Insiders sold a total of 59,342 shares of company stock worth $5,361,432 over the last three months. 0.25% of the stock is currently owned by corporate insiders.
ILLEGAL ACTIVITY WARNING: This story was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.com-unik.info/2019/02/22/entergy-etr-updates-fy19-earnings-guidance.html.
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.
Read More: What is the return on assets (ROA) ratio?
Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.