CenterPoint Energy (CNP) Scheduled to Post Quarterly Earnings on Monday

CenterPoint Energy (NYSE:CNP) is scheduled to be announcing its earnings results before the market opens on Monday, February 26th. Analysts expect the company to announce earnings of $0.29 per share for the quarter.

CenterPoint Energy (NYSE:CNP) opened at $26.91 on Monday. The stock has a market capitalization of $11,599.13, a PE ratio of 19.64, a PEG ratio of 3.03 and a beta of 0.56. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 2.08. CenterPoint Energy has a fifty-two week low of $25.51 and a fifty-two week high of $30.45.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Wednesday, February 14th. This is a boost from CenterPoint Energy’s previous quarterly dividend of $0.27. CenterPoint Energy’s payout ratio is 81.02%.

Several equities analysts have recently issued reports on CNP shares. Bank of America started coverage on CenterPoint Energy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $30.00 price objective for the company. Zacks Investment Research raised CenterPoint Energy from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. SunTrust Banks set a $27.00 price objective on CenterPoint Energy and gave the company a “hold” rating in a report on Monday, February 12th. Guggenheim cut CenterPoint Energy from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. They noted that the move was a valuation call. Finally, Citigroup boosted their price objective on CenterPoint Energy from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, November 20th. Nine research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $29.11.

In related news, CEO Scott M. Prochazka sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $27.91, for a total value of $27,910.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 3,000 shares of company stock valued at $85,410 in the last ninety days. 0.20% of the stock is currently owned by insiders.

TRADEMARK VIOLATION NOTICE: “CenterPoint Energy (CNP) Scheduled to Post Quarterly Earnings on Monday” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://ledgergazette.com/2018/02/19/centerpoint-energy-cnp-scheduled-to-post-quarterly-earnings-on-monday-2.html.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers.

Earnings History for CenterPoint Energy (NYSE:CNP)

Receive News & Ratings for CenterPoint Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterPoint Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply