CenterPoint Energy (NYSE:CNP) Releases FY25 Earnings Guidance

CenterPoint Energy (NYSE:CNP) issued an update on its FY25 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.74-1.76 for the period, compared to the consensus estimate of $1.73. CenterPoint Energy also updated its FY 2024 guidance to 1.610-1.630 EPS.

CenterPoint Energy Price Performance

Shares of CNP stock opened at $29.50 on Monday. CenterPoint Energy has a twelve month low of $25.41 and a twelve month high of $31.57. The company has a current ratio of 1.20, a quick ratio of 0.99 and a debt-to-equity ratio of 1.79. The stock has a fifty day simple moving average of $28.51 and a two-hundred day simple moving average of $28.95. The stock has a market capitalization of $18.94 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 2.58 and a beta of 0.92.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings results on Monday, October 28th. The utilities provider reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. CenterPoint Energy had a net margin of 12.28% and a return on equity of 10.81%. During the same period last year, the company posted $0.40 earnings per share. On average, analysts predict that CenterPoint Energy will post 1.62 EPS for the current fiscal year.

CenterPoint Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.85%. This is a positive change from CenterPoint Energy’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, November 21st. CenterPoint Energy’s dividend payout ratio is presently 49.69%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CNP. KeyCorp cut CenterPoint Energy from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 2nd. Morgan Stanley boosted their price target on CenterPoint Energy from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. lowered shares of CenterPoint Energy from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $32.00 to $29.00 in a research report on Friday, August 2nd. StockNews.com cut shares of CenterPoint Energy from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Finally, Bank of America started coverage on shares of CenterPoint Energy in a research note on Thursday, September 12th. They set a “neutral” rating and a $29.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $29.91.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.