Duke Energy (DUK) Projected to Post Earnings on Thursday

Duke Energy (NYSE:DUK) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $1.61 per share and revenue of $7.65 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. During the same quarter last year, the firm posted $1.94 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts expect Duke Energy to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $113.88 on Thursday. The company has a market capitalization of $87.97 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 2.76 and a beta of 0.50. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The stock’s 50-day simple moving average is $109.91 and its 200-day simple moving average is $112.65. Duke Energy has a 52 week low of $90.09 and a 52 week high of $121.25.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is currently 76.84%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and raised their price target for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Scotiabank upped their price objective on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley cut their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and an average price target of $122.08.

About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.