Central Puerto (NYSE:CEPU – Get Free Report) announced its earnings results on Tuesday. The company reported $0.58 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $469.41 million for the quarter, compared to analyst estimates of $205.45 million. Central Puerto had a return on equity of 15.93% and a net margin of 37.86%.
Central Puerto Price Performance
NYSE CEPU traded up $0.20 during trading hours on Wednesday, hitting $13.52. 96,520 shares of the company’s stock traded hands, compared to its average volume of 322,273. Central Puerto has a 52-week low of $7.43 and a 52-week high of $18.50. The company has a market capitalization of $2.05 billion, a PE ratio of 6.50 and a beta of 0.85. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.01 and a quick ratio of 0.93. The firm’s 50-day moving average is $14.88 and its 200-day moving average is $15.25.
Wall Street Analysts Forecast Growth
CEPU has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Central Puerto from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 23rd. Weiss Ratings raised shares of Central Puerto from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $17.50.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Van ECK Associates Corp acquired a new stake in shares of Central Puerto during the third quarter worth about $60,000. Squarepoint Ops LLC acquired a new position in Central Puerto during the 3rd quarter worth approximately $138,000. Brooklyn Investment Group purchased a new stake in shares of Central Puerto in the 4th quarter valued at approximately $174,000. Balyasny Asset Management L.P. purchased a new stake in shares of Central Puerto during the 4th quarter worth $202,000. Finally, Bank of America Corp DE increased its holdings in Central Puerto by 13.6% in the second quarter. Bank of America Corp DE now owns 20,531 shares of the company’s stock valued at $240,000 after buying an additional 2,460 shares during the last quarter. Institutional investors and hedge funds own 2.97% of the company’s stock.
About Central Puerto
Central Puerto SA (NYSE: CEPU) is Argentina’s leading private power generation company, managing a diversified portfolio of thermal and renewable energy facilities across the country. Established following the privatization of the state-owned electricity company in the early 1990s, Central Puerto develops, operates and maintains a mix of combined-cycle and open-cycle gas turbine plants, as well as hydroelectric and renewable installations. The company’s thermal assets provide baseload and flexible generation capacity, while its renewable portfolio includes wind farms and solar parks that support Argentina’s clean energy objectives.
Headquartered in Buenos Aires, Central Puerto serves the national wholesale electricity market through long-term contracts with distribution companies and major industrial clients.
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