CenterPoint Energy (NYSE:CNP) Releases FY 2025 Earnings Guidance

CenterPoint Energy (NYSE:CNP - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.740-1.760 for the period, compared to the consensus EPS estimate of 1.750. The company issued revenue guidance of -.

CenterPoint Energy Stock Up 1.8 %

CenterPoint Energy stock traded up $0.59 during midday trading on Friday, hitting $34.32. 6,019,438 shares of the company's stock were exchanged, compared to its average volume of 4,177,416. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.92 and a current ratio of 1.11. The company has a market cap of $22.37 billion, a PE ratio of 22.73, a P/E/G ratio of 2.74 and a beta of 0.95. The firm has a 50-day moving average of $32.34 and a two-hundred day moving average of $30.28. CenterPoint Energy has a 12 month low of $25.41 and a 12 month high of $34.39.

CenterPoint Energy (NYSE:CNP - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.40. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.46 billion. CenterPoint Energy had a net margin of 11.25% and a return on equity of 9.73%. As a group, analysts expect that CenterPoint Energy will post 1.62 earnings per share for the current fiscal year.

CenterPoint Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.22 dividend. The ex-dividend date is Thursday, February 20th. This is an increase from CenterPoint Energy's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 2.56%. CenterPoint Energy's payout ratio is currently 55.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CNP shares. UBS Group upgraded shares of CenterPoint Energy from a "neutral" rating to a "buy" rating and upped their price target for the company from $31.00 to $37.00 in a research note on Tuesday, December 3rd. LADENBURG THALM/SH SH began coverage on CenterPoint Energy in a research report on Thursday, December 12th. They issued a "buy" rating and a $34.50 price objective on the stock. Guggenheim cut CenterPoint Energy from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Scotiabank upgraded shares of CenterPoint Energy from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $30.00 to $35.00 in a research report on Thursday, December 12th. Finally, Morgan Stanley decreased their price objective on CenterPoint Energy from $32.00 to $31.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, CenterPoint Energy has a consensus rating of "Hold" and a consensus price target of $31.46.

CenterPoint Energy Company Profile

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.