FY2018 EPS Estimates for Entergy Corporation (ETR) Lowered by Jefferies Group

Entergy Corporation (NYSE:ETR) – Equities research analysts at Jefferies Group cut their FY2018 earnings estimates for shares of Entergy Corporation in a note issued to investors on Monday. Jefferies Group analyst A. Crowdell now expects that the utilities provider will earn $4.72 per share for the year, down from their previous forecast of $4.75. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Entergy Corporation’s FY2019 earnings at $5.08 EPS and FY2020 earnings at $5.38 EPS.

Other equities research analysts have also recently issued research reports about the company. BidaskClub cut Entergy Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Morgan Stanley lifted their price target on Entergy Corporation from $82.00 to $84.00 and gave the company an “underweight” rating in a report on Friday, September 8th. ValuEngine raised Entergy Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 7th. J P Morgan Chase & Co lifted their price target on Entergy Corporation from $83.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $78.00 price target on shares of Entergy Corporation in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $79.33.

ILLEGAL ACTIVITY NOTICE: This story was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://ledgergazette.com/2017/10/19/fy2018-eps-estimates-for-entergy-corporation-etr-lowered-by-jefferies-group.html.

Shares of Entergy Corporation (ETR) traded up 0.73% during trading on Tuesday, hitting $85.28. The stock had a trading volume of 1,156,226 shares. The firm’s 50-day moving average is $79.09 and its 200-day moving average is $77.67. The firm’s market cap is $15.31 billion. Entergy Corporation has a one year low of $66.71 and a one year high of $85.35.

Entergy Corporation (NYSE:ETR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $1.91. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.44 billion. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. During the same period in the prior year, the business posted $3.16 EPS.

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Entergy Corporation by 2.4% during the first quarter. Vanguard Group Inc. now owns 19,927,324 shares of the utilities provider’s stock worth $1,513,680,000 after purchasing an additional 470,255 shares in the last quarter. BlackRock Inc. raised its holdings in Entergy Corporation by 1.0% during the second quarter. BlackRock Inc. now owns 16,243,801 shares of the utilities provider’s stock worth $1,247,035,000 after purchasing an additional 154,117 shares in the last quarter. State Street Corp raised its holdings in Entergy Corporation by 1.2% during the first quarter. State Street Corp now owns 9,721,185 shares of the utilities provider’s stock worth $738,419,000 after purchasing an additional 115,341 shares in the last quarter. AJO LP raised its holdings in Entergy Corporation by 16.0% during the second quarter. AJO LP now owns 3,518,543 shares of the utilities provider’s stock worth $270,119,000 after purchasing an additional 485,602 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its holdings in Entergy Corporation by 1.1% during the second quarter. Epoch Investment Partners Inc. now owns 3,273,973 shares of the utilities provider’s stock worth $251,343,000 after purchasing an additional 35,312 shares in the last quarter. 84.15% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Alexis M. Herman sold 995 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $76.38, for a total transaction of $75,998.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Haley Fisackerly sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $77.17, for a total value of $38,585.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,945 shares of company stock worth $1,878,157. 0.24% of the stock is owned by corporate insiders.

Entergy Corporation Company Profile

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans

Entergy Corporation (NYSE:ETR) – Equities research analysts at Jefferies Group cut their FY2018 earnings estimates for shares of Entergy Corporation in a note issued to investors on Monday. Jefferies Group analyst A. Crowdell now expects that the utilities provider will earn $4.72 per share for the year, down from their previous forecast of $4.75. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Entergy Corporation’s FY2019 earnings at $5.08 EPS and FY2020 earnings at $5.38 EPS.

Other equities research analysts have also recently issued research reports about the company. BidaskClub cut Entergy Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Morgan Stanley lifted their price target on Entergy Corporation from $82.00 to $84.00 and gave the company an “underweight” rating in a report on Friday, September 8th. ValuEngine raised Entergy Corporation from a “hold” rating to a “buy” rating in a report on Monday, August 7th. J P Morgan Chase & Co lifted their price target on Entergy Corporation from $83.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $78.00 price target on shares of Entergy Corporation in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $79.33.

ILLEGAL ACTIVITY NOTICE: This story was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://ledgergazette.com/2017/10/19/fy2018-eps-estimates-for-entergy-corporation-etr-lowered-by-jefferies-group.html.

Shares of Entergy Corporation (ETR) traded up 0.73% during trading on Tuesday, hitting $85.28. The stock had a trading volume of 1,156,226 shares. The firm’s 50-day moving average is $79.09 and its 200-day moving average is $77.67. The firm’s market cap is $15.31 billion. Entergy Corporation has a one year low of $66.71 and a one year high of $85.35.

Entergy Corporation (NYSE:ETR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $1.91. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.44 billion. Entergy Corporation had a positive return on equity of 14.08% and a negative net margin of 7.98%. During the same period in the prior year, the business posted $3.16 EPS.

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Entergy Corporation by 2.4% during the first quarter. Vanguard Group Inc. now owns 19,927,324 shares of the utilities provider’s stock worth $1,513,680,000 after purchasing an additional 470,255 shares in the last quarter. BlackRock Inc. raised its holdings in Entergy Corporation by 1.0% during the second quarter. BlackRock Inc. now owns 16,243,801 shares of the utilities provider’s stock worth $1,247,035,000 after purchasing an additional 154,117 shares in the last quarter. State Street Corp raised its holdings in Entergy Corporation by 1.2% during the first quarter. State Street Corp now owns 9,721,185 shares of the utilities provider’s stock worth $738,419,000 after purchasing an additional 115,341 shares in the last quarter. AJO LP raised its holdings in Entergy Corporation by 16.0% during the second quarter. AJO LP now owns 3,518,543 shares of the utilities provider’s stock worth $270,119,000 after purchasing an additional 485,602 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its holdings in Entergy Corporation by 1.1% during the second quarter. Epoch Investment Partners Inc. now owns 3,273,973 shares of the utilities provider’s stock worth $251,343,000 after purchasing an additional 35,312 shares in the last quarter. 84.15% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Alexis M. Herman sold 995 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $76.38, for a total transaction of $75,998.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Haley Fisackerly sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $77.17, for a total value of $38,585.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,945 shares of company stock worth $1,878,157. 0.24% of the stock is owned by corporate insiders.

Entergy Corporation Company Profile

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.

Earnings History and Estimates for Entergy Corporation (NYSE:ETR)

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