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.
COPYRIGHT VIOLATION NOTICE: “Centrica PLC Forecasted to Post FY2018 Earnings of $0.71 Per Share (CPYYY)” was first published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://www.truebluetribune.com/2018/01/03/fy2018-eps-estimates-for-centrica-plc-decreased-by-jefferies-group-cpyyy.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Centrica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrica and related companies with MarketBeat.com's FREE daily email newsletter.