DTE Energy (DTE) Scheduled to Post Quarterly Earnings on Thursday

DTE Energy (NYSE:DTE) is set to release its earnings data before the market opens on Thursday, October 24th. Analysts expect DTE Energy to post earnings of $1.80 per share for the quarter. DTE Energy has set its FY24 guidance at $6.54-6.83 EPS.Parties interested in listening to the company’s conference call can do so using this link.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same quarter in the prior year, the company posted $0.99 earnings per share. On average, analysts expect DTE Energy to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

DTE Energy Price Performance

NYSE DTE opened at $128.47 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $26.59 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67. DTE Energy has a 12-month low of $92.58 and a 12-month high of $129.53. The company has a 50 day moving average price of $124.73 and a two-hundred day moving average price of $117.02.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DTE shares. KeyCorp lifted their price objective on shares of DTE Energy from $130.00 to $136.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. BMO Capital Markets boosted their price target on DTE Energy from $126.00 to $135.00 and gave the stock a “market perform” rating in a research report on Friday, September 6th. Scotiabank increased their price objective on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Morgan Stanley boosted their target price on DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Finally, StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.42.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.