Duke Energy (NYSE:DUK) Updates FY 2020 Pre-Market Earnings Guidance

Duke Energy (NYSE:DUK) updated its FY 2020
Pre-Market earnings guidance on Thursday. The company provided earnings per share guidance of 5.05-5.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.16. Duke Energy also updated its FY20 guidance to $5.05-5.45 EPS.

A number of brokerages have recently commented on DUK. Goldman Sachs Group upgraded Duke Energy from a sell rating to a buy rating and upped their price target for the stock from $88.00 to $93.00 in a report on Wednesday, November 27th. Barclays upgraded Duke Energy from an equal weight rating to an overweight rating in a research report on Wednesday, November 27th. Zacks Investment Research cut Duke Energy from a hold rating to a sell rating and set a $99.00 price objective on the stock. in a research report on Tuesday, January 21st. Morgan Stanley boosted their price objective on Duke Energy from $99.00 to $103.00 and gave the company an equal weight rating in a research report on Wednesday, January 29th. Finally, Citigroup lowered their price objective on Duke Energy from $94.00 to $93.00 and set a neutral rating on the stock in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $97.42.

Shares of DUK traded up $1.17 on Friday, reaching $101.28. 6,299,852 shares of the stock traded hands, compared to its average volume of 3,146,088. The firm has a market cap of $70.15 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 3.84 and a beta of 0.07. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.72 and a quick ratio of 0.49. Duke Energy has a 12 month low of $84.28 and a 12 month high of $101.77. The stock’s 50-day moving average price is $93.93 and its 200-day moving average price is $92.33.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Duke Energy had a return on equity of 8.24% and a net margin of 14.10%. The business had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $6.54 billion. During the same period in the previous year, the business posted $0.84 earnings per share. Duke Energy’s quarterly revenue was down .2% on a year-over-year basis. As a group, equities research analysts forecast that Duke Energy will post 5.03 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 14th will be given a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Thursday, February 13th. Duke Energy’s dividend payout ratio (DPR) is 80.08%.

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

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