The stock of Entergy Corporation (NYSE:ETR) increased by $2.7 on Tuesday to finish at $97.98, up 2.83 percent. The last five days have seen an average of 1,522,700 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$14.52. The average number of shares traded over the last 20 days was 1,549,575, while the average volume over the last 50 days totaled 1,707,236.
ETR stock dropped -4.60% since last month. On 08/21/23, the company’s shares reached a one-month low of $94.01. The stock touched a high of $122.11 on 04/06/23, after rallying from a low of $94.01 in 52 weeks. The price of ETR stock has declined by -12.91% or -$14.52 this year, reaching a new high 3 times. Still, the stock price is down -19.76% from the 52-week high.
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Insider Transactions
ETR stock investors should be aware that Entergy Corporation (ETR) stock had its last reported insider trading activity 174 days ago on Mar 09. On Mar 09, “Officer” Under Sec. 16 Rules RODRIGUEZ DEANNA D. sold 300 shares at $103.96 each. This transaction resulted in the insider making $31,188. On Mar 08, HERMAN ALEXIS M sold 213 shares at a price of US$103.82. After the transaction, the insider now owns 7,388 shares. “Officer” Under Sec. 16 Rules MINOR ANASTASIA had earlier bought 2,500 shares on Feb 27 for $107.50 a share. The transaction was completed for $268,750.
Valuation Metrics
Entergy Corporation (ETR) has a trailing price-to-earnings (P/E) ratio of 14.94. Beta for the stock is 0.65. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.56, the price-to-book (PB) ratio of 1.57.
Company paid $1.07 per share in dividends, remained unchanged from $1.07 last year. A $0.06 dividend increase was reported on Friday October 28 2022.
Financial Health
For the three months ended June 29, Entergy Corporation’s quick ratio was 0.50, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.84, and the total debt to equity ratio is 2.06. As far as profitability goes, gross margin for the trailing twelve months is 90.10% percent. Entergy Corporation’s EBITDA margin for the year ended June 29 was 27.76%, whereas its operating margin stood at 19.70% for the same period. Based on annual data, it had gross profit of $2.05 billion and revenue of $13.76 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ETR’s return on assets (ROA) during the last 12 months has been 2.30%. There was a 5.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.70%.
Earnings Surprise
According to Entergy Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.85 billion, while revenues fell by -19.3% to $2.98 billion. It was predicted that Entergy Corporation’s quarterly earnings would be $1.84, but it ended up being $1.66, beating the consensus by 10.80%. EBITDA was $1.32 billion for the quarter. At the end of Entergy Corporation’s most recent quarter ended June 29, its liabilities totaled 46.35 billion, while its total debt was $27.28 billion. Equity owned by shareholders amounts to $211.46 million.
Technical Picture
Here’s a quick look at Entergy Corporation’s (ETR) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 61.85%, suggesting the stock is Neutral, with a 19.88% historical volatility rate.
The stochastic %K and %D were 46.20% and 30.14% respectively, while the average true range (ATR) was 1.70. Based on the 14-day stochastic reading of 86.59%, the RSI (14) reading is 53.84%. On the 9-day MACD Oscillator, the stock is at 0.60, and the 14-day reading is at 0.46.
Analyst Ratings
In its analyst report released on August 23, 2023, Barclays began covering Entergy Corporation (NYSE: ETR). The stock was rated as an Equal weight by the brokerage firm. Analysts have assigned Entergy Corporation (ETR) an Overweight rating. ETR is a stock that is recommended for selling by 1 brokerage firm, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 10 others recommend it as a buy.
What is ETR’s price target for the next 12 months?
The current consensus forecast for the stock is between $94.00 and $126.00, with a median target price of $114.00. In analyzing these forecasts, the average price target given by analysts for Entergy Corporation (ETR) is $113.13.
