NextEra Energy (NEE) to Release Quarterly Earnings on Tuesday
NextEra Energy (NYSE:NEE) is scheduled to post its quarterly earnings results before the market opens on Tuesday, October 22nd. Analysts expect NextEra Energy to post earnings of $2.18 per share for the quarter. NextEra Energy has set its FY 2019 guidance at $8.16-8.32 EPS and its FY 2022 guidance at $10.00-10.75 EPS.Individual that wish to listen to the company's earnings conference call can do so using this link.
NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $2.28 by $0.07. The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.68 billion. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The firm's quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.08 EPS. On average, analysts expect NextEra Energy to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
NextEra Energy stock opened at $232.48 on Monday. The firm has a market cap of $110.72 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 3.45 and a beta of 0.18. NextEra Energy has a 52-week low of $164.78 and a 52-week high of $234.27. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. The company's 50 day moving average is $226.08 and its two-hundred day moving average is $208.90.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.15%. NextEra Energy's dividend payout ratio (DPR) is presently 64.94%.
A number of equities research analysts have issued reports on the stock. Wells Fargo & Co set a $240.00 target price on shares of NextEra Energy and gave the stock a "buy" rating in a report on Tuesday, September 3rd. Bank of America increased their target price on shares of NextEra Energy from $215.00 to $225.00 and gave the stock a "buy" rating in a report on Tuesday, June 25th. ValuEngine lowered shares of NextEra Energy from a "buy" rating to a "hold" rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $214.00 to $252.00 and gave the stock an "overweight" rating in a report on Monday, October 14th. Finally, Credit Suisse Group increased their target price on shares of NextEra Energy from $231.00 to $232.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of "Buy" and an average target price of $222.79.
In related news, CEO James L. Robo sold 44,537 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $216.85, for a total value of $9,657,848.45. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $231.32, for a total transaction of $370,112.00. Following the completion of the transaction, the director now directly owns 16,237 shares in the company, valued at $3,755,942.84. The disclosure for this sale can be found here. Insiders sold a total of 97,576 shares of company stock worth $21,514,886 over the last 90 days. Company insiders own 0.48% of the company's stock.NextEra Energy Company Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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