CenterPoint Energy (NYSE:CNP – Get Free Report) announced its quarterly earnings data on Tuesday. The utilities provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04, Briefing.com reports. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.88 billion. CenterPoint Energy had a return on equity of 10.57% and a net margin of 11.03%. During the same period last year, the company posted $0.28 EPS. 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
Shares of CNP traded down $0.58 on Wednesday, reaching $27.93. 1,782,473 shares of the stock traded hands, compared to its average volume of 4,737,624. The firm has a market cap of $17.87 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 2.57 and a beta of 0.92. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.25 and a quick ratio of 1.06. CenterPoint Energy has a 12 month low of $25.42 and a 12 month high of $31.57. The stock’s 50-day moving average price is $30.01 and its 200-day moving average price is $28.88.
Insider Activity
In other news, Director Barry T. Smitherman sold 5,670 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 21,203 shares in the company, valued at $623,792.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.
Analyst Ratings Changes
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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