Zacks: Analysts Expect Duke Energy Corp (NYSE:DUK) to Post $0.89 Earnings Per Share

Wall Street brokerages expect Duke Energy Corp (NYSE:DUK) to post earnings per share of $0.89 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Duke Energy’s earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $0.96. Duke Energy posted earnings per share of $0.84 in the same quarter last year, which would suggest a positive year over year growth rate of 6%. The company is scheduled to report its next quarterly earnings report on Thursday, February 13th.

According to Zacks, analysts expect that Duke Energy will report full year earnings of $5.01 per share for the current financial year, with EPS estimates ranging from $4.87 to $5.10. For the next year, analysts anticipate that the firm will report earnings of $5.12 per share, with EPS estimates ranging from $4.88 to $5.25. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Duke Energy.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Friday, November 8th. The utilities provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.10. The business had revenue of $6.94 billion during the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a net margin of 14.10% and a return on equity of 8.24%. Duke Energy’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $1.65 EPS.

A number of analysts have weighed in on the stock. Goldman Sachs Group upgraded shares of Duke Energy from a “sell” rating to a “buy” rating and raised their price objective for the company from $88.00 to $93.00 in a research note on Wednesday, November 27th. Barclays upgraded shares of Duke Energy from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, November 27th. Morgan Stanley lifted their price target on shares of Duke Energy from $95.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Mizuho began coverage on shares of Duke Energy in a research note on Friday, November 22nd. They issued a “neutral” rating and a $90.00 price target for the company. Finally, Credit Suisse Group lifted their price target on shares of Duke Energy from $95.00 to $98.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $93.91.

NYSE:DUK traded up $0.54 on Friday, reaching $90.10. 5,092,803 shares of the stock traded hands, compared to its average volume of 4,765,143. The company has a market capitalization of $64.88 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 3.67 and a beta of 0.05. The company has a current ratio of 0.72, a quick ratio of 0.49 and a debt-to-equity ratio of 1.24. Duke Energy has a 12 month low of $82.46 and a 12 month high of $97.37. The company’s fifty day simple moving average is $90.24 and its 200 day simple moving average is $90.71.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $0.945 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 4.20%. Duke Energy’s dividend payout ratio is presently 80.08%.

Several hedge funds have recently made changes to their positions in the company. Mosaic Family Wealth LLC boosted its holdings in shares of Duke Energy by 4.1% in the third quarter. Mosaic Family Wealth LLC now owns 2,671 shares of the utilities provider’s stock worth $256,000 after buying an additional 105 shares during the last quarter. SeaCrest Wealth Management LLC boosted its holdings in shares of Duke Energy by 1.3% in the third quarter. SeaCrest Wealth Management LLC now owns 8,210 shares of the utilities provider’s stock worth $787,000 after buying an additional 107 shares during the last quarter. Community Bank N.A. boosted its holdings in shares of Duke Energy by 1.9% in the third quarter. Community Bank N.A. now owns 5,919 shares of the utilities provider’s stock worth $568,000 after buying an additional 108 shares during the last quarter. Bigelow Investment Advisors LLC boosted its holdings in shares of Duke Energy by 3.2% in the third quarter. Bigelow Investment Advisors LLC now owns 3,541 shares of the utilities provider’s stock worth $339,000 after buying an additional 110 shares during the last quarter. Finally, SlateStone Wealth LLC boosted its holdings in shares of Duke Energy by 3.4% in the third quarter. SlateStone Wealth LLC now owns 3,346 shares of the utilities provider’s stock worth $321,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 60.18% of the company’s stock.

Duke Energy Company Profile

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

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