Central Puerto (NYSE:CEPU – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.64 EPS for the quarter, FiscalAI reports. Central Puerto had a net margin of 29.58% and a return on equity of 16.32%. The business had revenue of $523.67 million during the quarter, compared to the consensus estimate of $320.29 million.
Central Puerto Stock Up 0.2%
CEPU traded up $0.03 on Wednesday, reaching $10.20. 304,085 shares of the company traded hands, compared to its average volume of 306,754. The stock’s 50 day moving average price is $12.49 and its 200-day moving average price is $14.41. Central Puerto has a 52-week low of $9.61 and a 52-week high of $18.50. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 3.40 and a beta of 0.85. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.28 and a quick ratio of 1.19.
Central Puerto Announces Dividend
The business also recently declared a special dividend, which was paid on Wednesday, October 7th. Investors of record on Monday, September 28th were issued a dividend of $1.0758 per share. The ex-dividend date was Monday, September 28th. Central Puerto’s dividend payout ratio (DPR) is currently 29.67%.
Wall Street Analyst Weigh In
CEPU has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Central Puerto from a “buy” rating to a “hold” rating in a research note on Saturday, September 19th. Bank of America decreased their target price on Central Puerto from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, September 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Central Puerto in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Central Puerto presently has a consensus rating of “Moderate Buy” and an average price target of $28.00.
Read Our Latest Stock Analysis on CEPU
Central Puerto Company Profile
Central Puerto S.A. is an Argentina-based electric power generation company. It operates power plants that produce electricity for the country’s wholesale electricity market, serving utilities, businesses and other users through Argentina’s electricity system. The company’s generation portfolio includes thermal, hydroelectric and renewable energy assets, including wind and solar facilities. Its thermal plants use fuels such as natural gas, while its renewable operations add electricity from non-fossil sources to the portfolio.
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