NextEra Energy (NEE) to Release Earnings on Tuesday
NextEra Energy (NYSE:NEE) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, October 22nd. Analysts expect NextEra Energy to post earnings of $2.18 per share for the quarter. NextEra Energy has set its FY 2019 guidance at $8.16-8.32 EPS and its FY 2022 guidance at $10.00-10.75 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.
NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.07. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same period last year, the company earned $2.08 earnings per share. The business’s revenue was up 22.3% compared to the same quarter last year. On average, analysts expect NextEra Energy to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
NYSE NEE opened at $232.48 on Friday. NextEra Energy has a fifty-two week low of $164.78 and a fifty-two week high of $234.27. The stock’s 50-day moving average is $226.08 and its two-hundred day moving average is $208.90. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.42. The firm has a market cap of $110.72 billion, a P/E ratio of 30.19, a price-to-earnings-growth ratio of 3.45 and a beta of 0.18.
In related news, Treasurer Paul I. Cutler sold 23,750 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $223.59, for a total transaction of $5,310,262.50. Following the transaction, the treasurer now directly owns 93,462 shares in the company, valued at $20,897,168.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $231.32, for a total value of $370,112.00. Following the transaction, the director now owns 16,237 shares in the company, valued at $3,755,942.84. The disclosure for this sale can be found here. Insiders sold 97,576 shares of company stock worth $21,514,886 over the last quarter. 0.48% of the stock is currently owned by corporate insiders.
A number of research firms have recently commented on NEE. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $214.00 to $252.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Wells Fargo & Co set a $240.00 price objective on NextEra Energy and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Credit Suisse Group lifted their price objective on NextEra Energy from $231.00 to $232.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. UBS Group lifted their price objective on NextEra Energy from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, Barclays lowered NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price objective on the stock. in a research note on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $222.79.
About NextEra Energy
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.
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