Entergy (ETR) Expected to Announce Quarterly Earnings on Tuesday

Entergy (NYSE:ETR) is anticipated to announce its earnings results before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.65 per share and revenue of $3.24 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Entergy Trading Down 0.7 %

Shares of Entergy stock opened at $81.81 on Tuesday. Entergy has a 12-month low of $48.08 and a 12-month high of $84.26. The firm’s 50 day simple moving average is $77.68 and its two-hundred day simple moving average is $69.84. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $35.08 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.53 and a beta of 0.72.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s payout ratio is 58.39%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Guggenheim increased their price target on shares of Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a report on Friday, November 1st. Morgan Stanley upgraded shares of Entergy from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $58.00 to $75.00 in a research note on Monday, November 4th. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a research note on Thursday, January 30th. Finally, UBS Group boosted their target price on shares of Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.81.

Insiders Place Their Bets

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the completion of the transaction, the insider now directly owns 3,952 shares of the company’s stock, valued at $292,210.88. This represents a 60.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.39% of the stock is currently owned by company insiders.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.