Duke Energy (NYSE:DUK) issued an update on its FY 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share guidance of 5.05-5.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.16. Duke Energy also updated its FY20 guidance to $5.05-5.45 EPS.
NYSE DUK traded up $1.17 during trading on Friday, reaching $101.28. The company’s stock had a trading volume of 6,299,852 shares, compared to its average volume of 3,146,088. The company has a current ratio of 0.72, a quick ratio of 0.49 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $70.15 billion, a PE ratio of 20.97, a PEG ratio of 3.84 and a beta of 0.07. The business has a 50-day moving average price of $93.93 and a 200-day moving average price of $92.33. Duke Energy has a 1-year low of $84.28 and a 1-year high of $101.77.
Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, February 13th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.04. The firm had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $6.54 billion. Duke Energy had a net margin of 14.10% and a return on equity of 8.24%. The company’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 earnings per share. As a group, analysts expect that Duke Energy will post 5.03 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 14th will be paid a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Thursday, February 13th. Duke Energy’s dividend payout ratio (DPR) is presently 80.08%.
A number of analysts have issued reports on DUK shares. UBS Group reiterated a buy rating and issued a $105.00 target price on shares of Duke Energy in a research note on Thursday, January 2nd. Barclays upgraded shares of Duke Energy from an equal weight rating to an overweight rating in a research note on Wednesday, November 27th. Bank of America upgraded shares of Duke Energy from an underperform rating to a neutral rating and lifted their target price for the company from $96.00 to $106.00 in a research note on Friday. Morgan Stanley lifted their target price on shares of Duke Energy from $99.00 to $103.00 and gave the company an equal weight rating in a research note on Wednesday, January 29th. Finally, Citigroup reduced their target price on shares of Duke Energy from $94.00 to $93.00 and set a neutral rating for the company in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $97.42.
About Duke Energy
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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