Centrica PLC Forecasted to Post FY2018 Earnings of $0.71 Per Share (CPYYY)

Centrica PLC (OTCMKTS:CPYYY) – Analysts at Jefferies Group reduced their FY2018 EPS estimates for shares of Centrica in a research report issued to clients and investors on Friday, Zacks Investment Research reports. Jefferies Group analyst A. Farman now forecasts that the utilities provider will post earnings of $0.71 per share for the year, down from their previous forecast of $0.79. Jefferies Group also issued estimates for Centrica’s FY2019 earnings at $0.70 EPS and FY2020 earnings at $0.70 EPS.

A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut Centrica from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Investec upgraded Centrica from a “sell” rating to a “hold” rating in a research note on Monday, September 25th. Finally, Goldman Sachs Group upgraded Centrica from a “sell” rating to a “neutral” rating in a research note on Friday, November 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Centrica presently has an average rating of “Hold” and an average price target of $12.00.

Shares of Centrica (OTCMKTS CPYYY) traded up $0.27 on Monday, reaching $7.70. The company had a trading volume of 35,278 shares, compared to its average volume of 85,562. Centrica has a 52-week low of $7.28 and a 52-week high of $11.83. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 2.25.

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About Centrica

Centrica plc is an energy and services company. The Company’s segments include Energy Supply & Services-UK & Ireland, Energy Supply & Services-North America, Connected Home, Distributed Energy & Power, Energy Marketing & Trading, Exploration & Production, Central Power Generation and Centrica Storage.

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