NextEra Energy (NEE) Set to Announce Quarterly Earnings on Tuesday

NextEra Energy (NYSE:NEE) will announce its earnings results before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $1.91 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 25th. The utilities provider reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). The company had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.84 billion. NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 EPS. On average, analysts expect NextEra Energy to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Shares of NEE stock opened at $189.36 on Friday. The firm has a market capitalization of $90.68 billion, a price-to-earnings ratio of 24.59, a P/E/G ratio of 2.93 and a beta of 0.29. NextEra Energy has a 52 week low of $155.06 and a 52 week high of $195.55. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.29 and a current ratio of 0.36.

Several brokerages have recently issued reports on NEE. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Goldman Sachs Group cut shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 target price on the stock. in a research report on Monday, April 8th. Barclays upgraded shares of NextEra Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $187.00 to $207.00 in a research report on Wednesday, March 20th. They noted that the move was a valuation call. Morgan Stanley upped their target price on shares of NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a research report on Tuesday, February 12th. Finally, Guggenheim restated a “buy” rating and set a $205.00 target price on shares of NextEra Energy in a research report on Monday, January 7th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $183.08.

In related news, Director James L. Robo sold 15,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $187.87, for a total transaction of $2,818,050.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Deborah H. Caplan sold 3,054 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $183.50, for a total transaction of $560,409.00. Following the transaction, the executive vice president now owns 22,597 shares in the company, valued at $4,146,549.50. The disclosure for this sale can be found here. Insiders have sold a total of 173,773 shares of company stock worth $33,097,211 over the last 90 days. Corporate insiders own 0.55% of the company’s stock.

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NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

See Also: Price to Earnings Ratio (PE) Basics

Earnings History for NextEra Energy (NYSE:NEE)

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