Central Puerto (NYSE:CEPU) Announces Earnings Results

Central Puerto (NYSE:CEPU) issued its quarterly earnings results on Wednesday. The company reported $0.65 EPS for the quarter, Zacks reports. Central Puerto had a net margin of 22.93% and a return on equity of 15.75%. The firm had revenue of $523.67 million during the quarter, compared to analyst estimates of $223.53 million.

Central Puerto Trading Up 0.7%

Shares of NYSE:CEPU traded up $0.07 during midday trading on Friday, hitting $10.38. 33,566 shares of the stock were exchanged, compared to its average volume of 306,346. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 3.52 and a beta of 0.85. The business’s 50-day moving average price is $12.34 and its 200 day moving average price is $14.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.28. Central Puerto has a 12 month low of $9.61 and a 12 month high of $18.50.

Central Puerto Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, October 7th. Stockholders of record on Monday, September 28th were paid a $1.0758 dividend. The ex-dividend date was Monday, September 28th. Central Puerto’s dividend payout ratio is presently 30.00%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CEPU shares. Wall Street Zen lowered Central Puerto from a “buy” rating to a “hold” rating in a research note on Saturday, September 19th. Bank of America cut their price objective on shares of 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 reaffirmed a “hold (c)” rating on shares of Central Puerto in a report on Wednesday, August 26th. One 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 stock has a consensus rating of “Moderate Buy” and an average target price of $28.00.

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.