Duke Energy (DUK) Scheduled to Post Quarterly Earnings on Thursday

Duke Energy (NYSE:DUK) will announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $1.86 per share for the quarter. Duke Energy has set its FY24 guidance at $5.85-6.10 EPS and its FY 2024 guidance at 5.850-6.100 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The company had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 EPS. 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 Stock Down 0.3 %

DUK opened at $114.02 on Thursday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. Duke Energy has a 1 year low of $86.61 and a 1 year high of $121.25. The firm has a 50 day moving average price of $115.77 and a 200 day moving average price of $107.96. The company has a market cap of $88.05 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 3.27 and a beta of 0.46.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.67%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is 76.98%.

Wall Street Analyst Weigh In

Several analysts have issued reports on DUK shares. Barclays increased their price objective on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. BMO Capital Markets raised their price objective on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. Mizuho raised 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. Morgan Stanley raised their price target on Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group lifted their target price on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $121.85.

Insider Activity

In related news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total value of $61,365.60. Following the sale, the executive vice president now owns 19,884 shares of the company’s stock, valued at $2,259,617.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by company insiders.

Duke Energy Company Profile

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.