Brokerages forecast that Duke Energy Corp (NYSE:DUK) will post $6.83 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Duke Energy’s earnings. Duke Energy reported sales of $6.63 billion during the same quarter last year, which indicates a positive year over year growth rate of 3%. The firm is scheduled to report its next earnings results on Friday, November 1st.
On average, analysts expect that Duke Energy will report full-year sales of $24.95 billion for the current year, with estimates ranging from $24.67 billion to $25.20 billion. For the next financial year, analysts expect that the firm will post sales of $25.72 billion, with estimates ranging from $25.62 billion to $25.85 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Duke Energy.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.14. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The company had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the prior year, the company posted $0.93 earnings per share. Duke Energy’s revenue for the quarter was up 4.1% compared to the same quarter last year.
Shares of DUK traded up $0.07 during trading hours on Friday, hitting $91.31. 95,148 shares of the stock were exchanged, compared to its average volume of 2,779,646. Duke Energy has a fifty-two week low of $78.00 and a fifty-two week high of $91.67. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.71 and a quick ratio of 0.47. The business has a 50-day moving average of $88.83 and a 200-day moving average of $88.88. The firm has a market capitalization of $66.06 billion, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 3.73 and a beta of 0.12.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 16th will be issued a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend is Thursday, August 15th. This is an increase from Duke Energy’s previous quarterly dividend of $0.93. Duke Energy’s dividend payout ratio (DPR) is 80.08%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Harvest Group Wealth Management LLC purchased a new position in shares of Duke Energy in the first quarter worth about $26,000. Thor Advisors LLC purchased a new position in Duke Energy during the first quarter valued at approximately $30,000. Redhawk Wealth Advisors Inc. purchased a new position in Duke Energy during the second quarter valued at approximately $34,000. Ellevest Inc. grew its stake in Duke Energy by 334.8% during the second quarter. Ellevest Inc. now owns 400 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 308 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in Duke Energy by 65.5% during the second quarter. Larson Financial Group LLC now owns 422 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 167 shares in the last quarter. Institutional investors and hedge funds own 60.40% of the company’s stock.
About Duke Energy
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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