What is Zacks Research's Estimate for Entergy Q4 Earnings?

Entergy Corporation (NYSE:ETR - Free Report) - Stock analysts at Zacks Research raised their Q4 2024 EPS estimates for shares of Entergy in a research note issued to investors on Thursday, December 5th. Zacks Research analyst R. Department now anticipates that the utilities provider will earn $1.22 per share for the quarter, up from their prior estimate of $1.21. The consensus estimate for Entergy's current full-year earnings is $7.22 per share. Zacks Research also issued estimates for Entergy's Q1 2025 earnings at $1.31 EPS, Q2 2025 earnings at $1.39 EPS, Q3 2025 earnings at $3.14 EPS, Q4 2025 earnings at $1.88 EPS, Q1 2026 earnings at $1.62 EPS, Q3 2026 earnings at $3.00 EPS and FY2026 earnings at $8.41 EPS.

ETR has been the topic of a number of other reports. Wells Fargo & Company increased their price target on shares of Entergy from $137.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Morgan Stanley raised shares of Entergy from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $116.00 to $150.00 in a report on Monday, November 4th. Scotiabank raised their target price on shares of Entergy from $119.00 to $144.00 and gave the company a "sector perform" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their target price on shares of Entergy from $131.00 to $141.00 and gave the company an "overweight" rating in a research note on Monday, August 12th. Finally, Barclays raised their target price on shares of Entergy from $137.00 to $152.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Entergy has an average rating of "Moderate Buy" and a consensus target price of $153.19.

Entergy Stock Performance

NYSE:ETR traded down $2.01 on Monday, reaching $149.55. 1,171,958 shares of the company's stock were exchanged, compared to its average volume of 1,619,179. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. The firm has a market cap of $32.07 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 2.53 and a beta of 0.71. Entergy has a 52 week low of $96.15 and a 52 week high of $158.07. The stock has a fifty day simple moving average of $143.01 and a 200-day simple moving average of $124.85.

Entergy shares are going to split on the morning of Friday, December 13th. The 2-1 split was announced on Thursday, October 31st. The newly minted shares will be issued to shareholders after the closing bell on Thursday, December 12th.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.08. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same quarter in the prior year, the business posted $3.27 EPS.

Institutional Trading of Entergy

Large investors have recently made changes to their positions in the company. Iron Horse Wealth Management LLC purchased a new stake in shares of Entergy during the second quarter worth approximately $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Entergy during the third quarter worth approximately $27,000. Cetera Trust Company N.A purchased a new stake in shares of Entergy during the third quarter worth approximately $29,000. Fortitude Family Office LLC increased its position in shares of Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider's stock worth $29,000 after purchasing an additional 178 shares in the last quarter. Finally, American National Bank grew its holdings in Entergy by 93.7% in the 2nd quarter. American National Bank now owns 277 shares of the utilities provider's stock valued at $30,000 after buying an additional 134 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Eliecer Viamontes sold 200 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $147.00, for a total value of $29,400.00. Following the completion of the sale, the insider now directly owns 4,173 shares in the company, valued at $613,431. The trade was a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Haley Fisackerly sold 4,134 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $149.03, for a total value of $616,090.02. Following the completion of the sale, the insider now owns 2,016 shares of the company's stock, valued at $300,444.48. This trade represents a 67.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,256 shares of company stock valued at $1,675,350 over the last quarter. 0.54% of the stock is currently owned by company insiders.

Entergy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Wednesday, November 13th were issued a dividend of $1.20 per share. This is an increase from Entergy's previous quarterly dividend of $1.13. The ex-dividend date was Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.21%. Entergy's payout ratio is 58.47%.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.