CenterPoint Energy (NYSE:CNP – Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.62 for the period, compared to the consensus earnings per share estimate of $1.62. CenterPoint Energy also updated its FY 2024 guidance to 1.610-1.630 EPS.
CenterPoint Energy Stock Down 0.6 %
Shares of NYSE CNP opened at $29.19 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. CenterPoint Energy has a 12 month low of $25.42 and a 12 month high of $31.57. The firm has a market capitalization of $18.67 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 2.58 and a beta of 0.92. The firm has a fifty day simple moving average of $30.05 and a two-hundred day simple moving average of $28.88.
CenterPoint Energy (NYSE:CNP – Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. CenterPoint Energy had a net margin of 11.03% and a return on equity of 10.57%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the business earned $0.50 EPS. Equities analysts expect that CenterPoint Energy will post 1.62 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on CenterPoint Energy
Insider Activity at CenterPoint Energy
In related news, Director Barry T. Smitherman sold 5,670 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $29.42, for a total transaction of $166,811.40. Following the sale, the director now directly owns 21,203 shares of the company’s stock, valued at approximately $623,792.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by insiders.
CenterPoint Energy Company Profile
CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.
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