Entergy Co. (NYSE:ETR) to Post Q3 2024 Earnings of $3.11 Per Share, Zacks Research Forecasts

Entergy Co. (NYSE:ETR) – Analysts at Zacks Research decreased their Q3 2024 earnings per share (EPS) estimates for Entergy in a research report issued on Wednesday, September 11th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings of $3.11 per share for the quarter, down from their previous estimate of $3.14. The consensus estimate for Entergy’s current full-year earnings is $7.22 per share. Zacks Research also issued estimates for Entergy’s FY2024 earnings at $7.21 EPS, Q1 2025 earnings at $1.26 EPS, Q2 2025 earnings at $1.94 EPS, Q4 2025 earnings at $1.74 EPS, FY2025 earnings at $7.73 EPS and Q1 2026 earnings at $1.79 EPS.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.76 by $0.16. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.98 billion. Entergy had a return on equity of 10.10% and a net margin of 14.75%. During the same quarter in the previous year, the business earned $1.84 earnings per share.

ETR has been the topic of several other reports. JPMorgan Chase & Co. raised their target price on Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a research note on Monday, August 12th. Mizuho lifted their price objective on Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, May 31st. LADENBURG THALM/SH SH reaffirmed a “neutral” rating and set a $109.50 price objective (down from $117.00) on shares of Entergy in a research report on Wednesday, June 12th. Morgan Stanley lifted their price objective on Entergy from $100.00 to $109.00 and gave the company an “underweight” rating in a research report on Friday, August 23rd. Finally, BMO Capital Markets lifted their price objective on Entergy from $124.00 to $131.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $123.04.

Entergy Stock Up 1.1 %

NYSE ETR opened at $123.57 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62. The stock has a market capitalization of $26.42 billion, a PE ratio of 12.39, a PEG ratio of 2.31 and a beta of 0.73. Entergy has a 1 year low of $87.10 and a 1 year high of $123.73. The business’s 50-day moving average is $115.89 and its 200 day moving average is $109.66.

Institutional Investors Weigh In On Entergy

A number of hedge funds have recently added to or reduced their stakes in ETR. Tidemark LLC bought a new stake in shares of Entergy during the 4th quarter valued at $25,000. Iron Horse Wealth Management LLC bought a new stake in shares of Entergy during the 2nd quarter valued at $25,000. Heritage Wealth Advisors grew its position in shares of Entergy by 2,172.7% during the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 239 shares during the period. American National Bank grew its position in shares of Entergy by 93.7% during the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 134 shares during the period. Finally, TruNorth Capital Management LLC bought a new stake in shares of Entergy during the 2nd quarter valued at $32,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Andrew S. Marsh sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the completion of the transaction, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,307,787.26. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Entergy news, insider Eliecer Viamontes sold 5,166 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $120.00, for a total transaction of $619,920.00. Following the completion of the sale, the insider now directly owns 5,117 shares in the company, valued at approximately $614,040. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Andrew S. Marsh sold 3,200 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,307,787.26. The disclosure for this sale can be found here. Insiders sold a total of 42,888 shares of company stock worth $5,110,766 in the last three months. Insiders own 0.39% of the company’s stock.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 13th were issued a $1.13 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $4.52 dividend on an annualized basis and a yield of 3.66%. Entergy’s payout ratio is currently 45.34%.

Entergy Company Profile

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.