Duke Energy (DUK) Updates FY18 Earnings Guidance

Duke Energy (NYSE:DUK) issued an update on its FY18 earnings guidance on Friday morning. The company provided earnings per share guidance of $4.65-4.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.72. Duke Energy also updated its FY 2018 guidance to $4.65-4.85 EPS.

Shares of Duke Energy stock opened at $82.59 on Friday. The firm has a market cap of $58.83 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 3.49 and a beta of -0.06. Duke Energy has a 1-year low of $71.96 and a 1-year high of $91.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.66.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Friday, November 2nd. The utilities provider reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.12. The business had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $6.59 billion. Duke Energy had a net margin of 11.52% and a return on equity of 7.92%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.59 EPS. As a group, equities analysts expect that Duke Energy will post 4.71 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 16th will be paid a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Thursday, November 15th. Duke Energy’s dividend payout ratio is presently 81.18%.

Several research analysts have recently weighed in on DUK shares. Howard Weil started coverage on shares of Duke Energy in a research note on Tuesday, July 24th. They set a sector outperform rating and a $85.00 price target on the stock. Zacks Investment Research cut shares of Duke Energy from a hold rating to a sell rating in a research note on Wednesday, July 11th. Wells Fargo & Co lifted their price target on shares of Duke Energy from $86.00 to $89.00 and gave the stock a market perform rating in a research note on Monday, September 17th. Morgan Stanley dropped their price target on shares of Duke Energy from $91.00 to $85.00 and set a hold rating on the stock in a research note on Friday, September 21st. Finally, Guggenheim reiterated a buy rating and set a $86.00 price target on shares of Duke Energy in a research note on Friday, August 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. Duke Energy currently has a consensus rating of Hold and an average price target of $84.06.

In related news, COO Dhiaa M. Jamil sold 7,000 shares of Duke Energy stock in a transaction on Friday, August 10th. The shares were sold at an average price of $80.98, for a total transaction of $566,860.00. Following the transaction, the chief operating officer now owns 4,279 shares in the company, valued at approximately $346,513.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Melissa H. Anderson sold 500 shares of Duke Energy stock in a transaction on Monday, August 6th. The shares were sold at an average price of $81.76, for a total transaction of $40,880.00. Following the transaction, the executive vice president now owns 15,096 shares in the company, valued at approximately $1,234,248.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,779 shares of company stock worth $956,650. 0.07% of the stock is owned by corporate insiders.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

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Earnings History and Estimates for Duke Energy (NYSE:DUK)

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