CenterPoint Energy, Inc. (CNP) Issues Quarterly Earnings Results

CenterPoint Energy, Inc. (NYSE:CNP) announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39, reports. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.07 billion. CenterPoint Energy had a net margin of 6.59% and a return on equity of 16.00%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. CenterPoint Energy updated its FY17 guidance to $1.25-1.33 EPS.

CenterPoint Energy (NYSE CNP) opened at $29.63 on Tuesday. The company has a market cap of $12,676.70, a price-to-earnings ratio of 22.45, a P/E/G ratio of 4.07 and a beta of 0.64. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08. CenterPoint Energy has a twelve month low of $22.32 and a twelve month high of $30.45.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Thursday, November 16th will be issued a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Wednesday, November 15th. CenterPoint Energy’s dividend payout ratio is currently 78.10%.

ILLEGAL ACTIVITY NOTICE: “CenterPoint Energy, Inc. (CNP) Issues Quarterly Earnings Results” was first reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at

In other CenterPoint Energy news, CEO Scott M. Prochazka sold 1,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $29.61, for a total transaction of $29,610.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 3,000 shares of company stock valued at $88,300 in the last three months. 0.20% of the stock is currently owned by corporate insiders.

A number of brokerages have recently commented on CNP. Zacks Investment Research lowered shares of CenterPoint Energy from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. BidaskClub upgraded shares of CenterPoint Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $29.00 price target on shares of CenterPoint Energy in a research note on Monday, September 11th. Credit Suisse Group raised shares of CenterPoint Energy from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $28.82 to $29.00 in a research note on Monday, August 14th. Finally, Bank of America Corporation began coverage on shares of CenterPoint Energy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $30.00 target price for the company. Nine analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $28.75.

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

Latest News

Leave a Reply