Research Analysts Offer Predictions for Entergy Q4 Earnings

Entergy Corporation (NYSE:ETR) – Stock analysts at Zacks Research raised their Q4 2024 earnings per share estimates for Entergy in a report released on Thursday, December 5th. Zacks Research analyst R. Department now forecasts that the utilities provider will earn $1.22 per share for the quarter, up from their previous estimate of $1.21. The consensus estimate for Entergy’s current full-year earnings is $7.22 per share. Zacks Research also issued estimates for Entergy’s Q1 2025 earnings at $1.31 EPS, Q2 2025 earnings at $1.39 EPS, Q3 2025 earnings at $3.14 EPS, Q4 2025 earnings at $1.88 EPS, Q1 2026 earnings at $1.62 EPS, Q3 2026 earnings at $3.00 EPS and FY2026 earnings at $8.41 EPS.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.08. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the prior year, the business earned $3.27 EPS.

Other equities analysts have also issued reports about the company. BMO Capital Markets decreased their price objective on Entergy from $166.00 to $159.00 and set an “outperform” rating for the company in a report on Monday, November 18th. Royal Bank of Canada raised their price target on Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Wells Fargo & Company upped their price objective on shares of Entergy from $137.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Barclays raised their target price on shares of Entergy from $137.00 to $152.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Argus raised shares of Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $153.19.

Entergy Trading Down 1.4 %

Shares of NYSE:ETR opened at $151.56 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The company’s 50-day moving average price is $142.65 and its 200 day moving average price is $124.56. The company has a market cap of $32.50 billion, a PE ratio of 18.46, a P/E/G ratio of 2.53 and a beta of 0.71. Entergy has a fifty-two week low of $96.15 and a fifty-two week high of $158.07.

Entergy shares are going to split before the market opens on Friday, December 13th. The 2-1 split was announced on Thursday, October 31st. The newly created shares will be distributed to shareholders after the market closes on Thursday, December 12th.

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 3.17%. This is an increase from Entergy’s previous quarterly dividend of $1.13. The ex-dividend date was Wednesday, November 13th. Entergy’s dividend payout ratio is currently 58.47%.

Insider Activity at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,134 shares of Entergy stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $149.03, for a total transaction of $616,090.02. Following the transaction, the insider now directly owns 2,016 shares in the company, valued at approximately $300,444.48. The trade was a 67.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Peter S. Norgeot, Jr. sold 7,922 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $130.00, for a total value of $1,029,860.00. Following the completion of the sale, the chief operating officer now owns 34,993 shares of the company’s stock, valued at $4,549,090. The trade was a 18.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,256 shares of company stock worth $1,675,350 in the last quarter. 0.39% of the stock is owned by company insiders.

Hedge Funds Weigh In On Entergy

A number of large investors have recently made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new position in Entergy in the third quarter valued at about $27,000. Fortitude Family Office LLC increased its holdings in Entergy by 423.8% in the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after buying an additional 178 shares during the last quarter. Cetera Trust Company N.A bought a new position in Entergy during the third quarter valued at approximately $29,000. Iron Horse Wealth Management LLC acquired a new stake in Entergy in the second quarter valued at approximately $25,000. Finally, Coastline Trust Co bought a new stake in Entergy in the third quarter worth approximately $31,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.