CMS Energy (CMS) to Release Quarterly Earnings on Thursday

CMS Energy (NYSE:CMS) is expected to announce its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.86 per share and revenue of $2.13 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. On average, analysts expect CMS Energy to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

CMS Energy Trading Up 0.3 %

Shares of NYSE CMS opened at $65.83 on Thursday. The business’s 50 day moving average is $67.24 and its two-hundred day moving average is $67.63. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. CMS Energy has a 1-year low of $55.10 and a 1-year high of $72.40. The stock has a market capitalization of $19.67 billion, a P/E ratio of 18.81, a PEG ratio of 2.46 and a beta of 0.42.

Wall Street Analyst Weigh In

CMS has been the topic of several analyst reports. Morgan Stanley reduced their price objective on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Friday, January 24th. BMO Capital Markets lowered their target price on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Wells Fargo & Company upped their target price on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Guggenheim downgraded CMS Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.00.

Insider Buying and Selling at CMS Energy

In other news, CAO Scott B. Mcintosh sold 936 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the sale, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at $1,672,564.50. This represents a 3.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John G. Russell sold 28,750 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the transaction, the director now directly owns 144,059 shares in the company, valued at $9,486,285.15. This represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,686 shares of company stock valued at $2,228,084. 0.40% of the stock is owned by insiders.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.