Entergy Corp. (NYSE:ETR) saw a downside of -0.42% to close Friday at $96.55 after subtracting -$0.41 on the day. The 5-day average trading volume is 955,480 shares of the company’s common stock. It has gained $99.52 in the past week and touched a new high 3 times within the past 5 days. An average of 1,296,595 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,415,064.
ETR’s 1-month performance is 1.10% or $1.82 on its low of $91.80 reached on 09/05/23. The company’s shares have touched a 52-week low of $91.80 and high of $120.78, with the stock’s rally to the 52-week high happening on 04/06/23. YTD, ETR has lost -14.18% or -$15.95 and has reached a new high 3 times. However, the current price is down -20.06% from the 52-week high price.
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Insider Transactions
ETR stock investors last saw insider trading activity on Sep 12.Brown Marcus V (EVP & General Counsel) most recently sold 13,500 shares at $95.40 per share on Sep 12. This transaction cost the insider $1,287,900. “Officer” Under Sec. 16 Rules, RODRIGUEZ DEANNA D., sold 300 shares at a price of $103.96 on Mar 09. Then, on Mar 08, Director HERMAN ALEXIS M sold 213 shares at a price of $103.82 per share. This transaction amounted to $22,114.
Valuation Metrics
ETR stock has a beta of 0.64. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.53 while the price-to-book (PB) in the most recent quarter is 1.54.
Entergy Corp.’s quick ratio for the period ended June 29 was 0.48, with the current ratio over the same period at 0.74. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.81, while the total debt to equity was 2.03. In terms of profitability, the gross margin trailing 12 months is 23.23%. The trailing 12-month EBITDA margin is 27.76% while for the period ending June 29, Entergy Corp.’s operating margin was 18.63%. The firm’s gross profit as reported stood at $2.05 billion against revenue of $13.76 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 59.18% to $391.24 million, while revenue of $310.94 million was 20.52% off the previous quarter. Analysts expected ETR to announce $1.66 per share in earnings in its latest quarter, but it posted $1.84, representing a 10.80% surprise. EBITDA for the quarter stood at more than $1.32 billion. ETR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 46.35 billion, with total debt at $27.28 billion. Shareholders hold equity totaling $211.46 million.
Let’s look briefly at Entergy Corp. (ETR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 47.42% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.47%.
The stock’s 5-day moving average is $97.79, reflecting a -1.88% or -$1.85 change from its current price. ETR is currently trading +1.85% above its 20-day SMA, -10.11% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.49% and SMA200 by-16.33%.
Stochastic %K and %D was 70.47% and 78.85% and the average true range (ATR) pointed at 1.47. The RSI (14) points at 48.56%, while the 14-day stochastic is at 61.53% with the period’s ATR at 1.54. The stock’s 9-day MACD Oscillator is pointing at -0.42 and 0.78 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Entergy Corp. (NYSE: ETR), Barclays launched coverage with an Equal weight rating. Analysts offering their rating for ETR stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate ETR as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 11 have offered a “buy” rating.
What is ETR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $96.00 and a high of $125.00, with their median price target at $113.00. Looking at these predictions, the average price target given by analysts is for Entergy Corp. (ETR) stock is $111.59.
