CMS Energy (CMS) to Release Quarterly Earnings on Thursday

CMS Energy (NYSE:CMS) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.73 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. 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 1.5 %

Shares of CMS stock opened at $72.10 on Thursday. The stock’s fifty day simple moving average is $69.32 and its 200 day simple moving average is $64.08. CMS Energy has a twelve month low of $52.99 and a twelve month high of $72.12. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $21.53 billion, a P/E ratio of 21.98, a P/E/G ratio of 2.77 and a beta of 0.41.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Wednesday, November 13th. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio is currently 62.80%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Barclays upped their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. BMO Capital Markets raised their target price on CMS Energy from $69.00 to $76.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Scotiabank lifted their price target on shares of CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Guggenheim upped their price objective on shares of CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Morgan Stanley increased their target price on CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.85.

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.