CenterPoint Energy (NYSE:CNP – Get Free Report) announced its quarterly earnings data on Tuesday. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02, RTT News reports. CenterPoint Energy had a return on equity of 10.57% and a net margin of 11.03%. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the firm earned $0.50 earnings per share. CenterPoint Energy updated its FY 2024 guidance to 1.610-1.630 EPS and its FY24 guidance to $1.61-1.63 EPS.
CenterPoint Energy Stock Performance
Shares of CNP opened at $29.29 on Thursday. CenterPoint Energy has a one year low of $25.42 and a one year high of $31.43. The company has a 50-day simple moving average of $28.12 and a two-hundred day simple moving average of $28.05. The firm has a market capitalization of $18.54 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 2.57 and a beta of 0.91. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.25 and a quick ratio of 0.58.
CenterPoint Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.80 annualized dividend and a yield of 2.73%. CenterPoint Energy’s dividend payout ratio (DPR) is presently 56.34%.
Wall Street Analysts Forecast Growth
Read Our Latest Report on CenterPoint Energy
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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