CMS Energy (CMS) Projected to Post Quarterly Earnings on Thursday

CMS Energy (NYSE:CMS - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect CMS Energy to post earnings of $0.86 per share and revenue of $2.13 billion for the quarter. Parties that wish to register for the company's conference call can do so using this link.

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business posted $0.61 earnings per share. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts expect CMS Energy to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

CMS Energy Stock Performance

Shares of CMS stock traded up $0.09 during mid-day trading on Thursday, reaching $65.86. 554,452 shares of the company's stock traded hands, compared to its average volume of 2,035,261. CMS Energy has a 12 month low of $55.10 and a 12 month high of $72.40. The firm has a 50 day moving average price of $67.19 and a two-hundred day moving average price of $67.62. The firm has a market capitalization of $19.68 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 2.46 and a beta of 0.42. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CMS shares. Scotiabank raised their target price on shares of CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. StockNews.com raised CMS Energy from a "sell" rating to a "hold" rating in a report on Friday, January 24th. Jefferies Financial Group began coverage on CMS Energy in a research note on Tuesday, November 5th. They issued a "buy" rating and a $76.00 price objective for the company. Mizuho lowered shares of CMS Energy from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. Finally, Wells Fargo & Company raised their target price on shares of CMS Energy from $70.00 to $77.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, CMS Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.00.

Insider Buying and Selling

In other news, Director John G. Russell sold 28,750 shares of CMS Energy stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the transaction, the director now owns 144,059 shares of the company's stock, valued at $9,486,285.15. The trade was a 16.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $67.22, for a total value of $134,440.00. Following the sale, the senior vice president now owns 63,197 shares of the company's stock, valued at approximately $4,248,102.34. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,686 shares of company stock valued at $2,228,084 in the last 90 days. Company insiders own 0.40% of the company's stock.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.