CenterPoint Energy (NYSE:CNP – Get Free Report) announced its quarterly earnings data on Tuesday. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04, Briefing.com reports. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.88 billion. CenterPoint Energy had a return on equity of 10.57% and a net margin of 11.03%. During the same quarter in the prior year, the firm posted $0.28 earnings per share. CenterPoint Energy updated its FY 2024 guidance to 1.610-1.630 EPS and its FY24 guidance to $1.62 EPS.
CenterPoint Energy Stock Performance
CNP stock traded down $0.76 on Wednesday, reaching $27.76. The company’s stock had a trading volume of 11,122,936 shares, compared to its average volume of 4,803,708. CenterPoint Energy has a 52 week low of $25.42 and a 52 week high of $31.57. The company has a market capitalization of $17.76 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 2.57 and a beta of 0.92. The firm has a fifty day moving average of $29.97 and a two-hundred day moving average of $28.87. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.25 and a quick ratio of 1.06.
Insider Buying and Selling
In other CenterPoint Energy news, Director Barry T. Smitherman sold 5,670 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $29.42, for a total transaction of $166,811.40. Following the completion of the transaction, the director now directly owns 21,203 shares of the company’s stock, valued at approximately $623,792.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Report on CenterPoint Energy
About CenterPoint Energy
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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