Duke Energy (DUK) to Release Earnings on Thursday

Duke Energy (NYSE:DUK) is anticipated to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Duke Energy to post earnings of $1.61 per share and revenue of $7.65 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). The firm had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. Duke Energy’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.94 earnings per share. 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 Performance

Shares of Duke Energy stock opened at $113.88 on Thursday. Duke Energy has a 12 month low of $90.09 and a 12 month high of $121.25. The stock’s fifty day moving average price is $109.91 and its 200-day moving average price is $112.65. The firm has a market cap of $87.97 billion, a P/E ratio of 20.93, a P/E/G ratio of 2.76 and a beta of 0.50. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be issued a $1.045 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.67%. Duke Energy’s dividend payout ratio is currently 76.84%.

Analysts Set New Price Targets

DUK has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their price target for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Scotiabank raised their target price on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets upped their price target on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.