DTE Energy (DTE) Set to Announce Earnings on Thursday

DTE Energy (NYSE:DTE - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $1.80 per share for the quarter. DTE Energy has set its FY24 guidance at $6.54-6.83 EPS.Investors interested in registering for the company's conference call can do so using this link.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.22. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the previous year, the business earned $0.99 EPS. On average, analysts expect DTE Energy to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

DTE Energy Trading Down 0.0 %

Shares of DTE Energy stock traded down $0.03 on Thursday, hitting $128.44. 1,116,213 shares of the company's stock traded hands, compared to its average volume of 1,074,937. The company has a market capitalization of $26.58 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67. The company has a fifty day moving average of $124.73 and a two-hundred day moving average of $117.02. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.52. DTE Energy has a one year low of $92.58 and a one year high of $129.53.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Scotiabank raised their price objective on shares of DTE Energy from $120.00 to $137.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, August 20th. LADENBURG THALM/SH SH started coverage on shares of DTE Energy in a research note on Wednesday, August 14th. They issued a "buy" rating and a $131.00 price target for the company. BMO Capital Markets upped their price objective on shares of DTE Energy from $126.00 to $135.00 and gave the company a "market perform" rating in a report on Friday, September 6th. Wells Fargo & Company raised their target price on DTE Energy from $125.00 to $133.00 and gave the company an "overweight" rating in a research note on Friday, July 26th. Finally, Morgan Stanley upped their price target on DTE Energy from $121.00 to $128.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, DTE Energy presently has an average rating of "Moderate Buy" and a consensus price target of $129.42.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.