$1.01 Earnings Per Share Expected for Duke Energy Corp (NYSE:DUK) This Quarter

Wall Street analysts forecast that Duke Energy Corp (NYSE:DUK) will report earnings of $1.01 per share for the current quarter, Zacks reports. Two analysts have made estimates for Duke Energy’s earnings, with the lowest EPS estimate coming in at $0.91 and the highest estimate coming in at $1.11. Duke Energy posted earnings per share of $1.12 in the same quarter last year, which would indicate a negative year over year growth rate of 9.8%. The company is scheduled to report its next quarterly earnings report on Tuesday, August 4th.

According to Zacks, analysts expect that Duke Energy will report full-year earnings of $5.19 per share for the current financial year, with EPS estimates ranging from $5.10 to $5.25. For the next financial year, analysts forecast that the company will report earnings of $5.42 per share, with EPS estimates ranging from $5.27 to $5.53. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Duke Energy.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, May 12th. The utilities provider reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.05). The company had revenue of $5.95 billion for the quarter, compared to analyst estimates of $6.24 billion. Duke Energy had a net margin of 15.17% and a return on equity of 8.13%. The business’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.24 EPS.

DUK has been the topic of a number of analyst reports. UBS Group lowered their price objective on Duke Energy from $113.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Credit Suisse Group raised Duke Energy from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $96.00 to $108.00 in a report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price objective on Duke Energy from $100.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. Wells Fargo & Co lowered their price objective on Duke Energy from $108.00 to $88.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Vertical Research initiated coverage on Duke Energy in a report on Monday, February 24th. They issued a “buy” rating and a $112.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $93.29.

Shares of NYSE DUK traded up $0.89 during mid-day trading on Friday, reaching $83.23. 2,760,557 shares of the company traded hands, compared to its average volume of 3,528,815. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.45 and a current ratio of 0.67. The stock has a market cap of $60.44 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 3.42 and a beta of 0.33. The company’s fifty day moving average is $84.10 and its two-hundred day moving average is $89.38. Duke Energy has a fifty-two week low of $62.13 and a fifty-two week high of $103.79.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Thursday, May 14th. Duke Energy’s payout ratio is presently 74.70%.

In other news, SVP Harry K. Sideris sold 1,285 shares of Duke Energy stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $80.42, for a total transaction of $103,339.70. Following the sale, the senior vice president now owns 5,396 shares of the company’s stock, valued at approximately $433,946.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lynn J. Good sold 16,400 shares of Duke Energy stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $91.86, for a total value of $1,506,504.00. Following the sale, the chief executive officer now directly owns 302,325 shares in the company, valued at approximately $27,771,574.50. The disclosure for this sale can be found here. Insiders have sold a total of 18,213 shares of company stock worth $1,652,221 in the last three months. 0.11% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Adirondack Trust Co. lifted its position in shares of Duke Energy by 7.3% during the 4th quarter. Adirondack Trust Co. now owns 1,520 shares of the utilities provider’s stock worth $148,000 after buying an additional 104 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Duke Energy by 12.6% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 982 shares of the utilities provider’s stock worth $90,000 after buying an additional 110 shares during the period. First National Corp MA ADV lifted its position in shares of Duke Energy by 1.2% during the 4th quarter. First National Corp MA ADV now owns 9,438 shares of the utilities provider’s stock worth $861,000 after buying an additional 110 shares during the period. Lowe Brockenbrough & Co. Inc. lifted its position in shares of Duke Energy by 4.6% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 2,517 shares of the utilities provider’s stock worth $230,000 after buying an additional 111 shares during the period. Finally, Financial Architects Inc lifted its position in shares of Duke Energy by 0.9% during the 4th quarter. Financial Architects Inc now owns 12,397 shares of the utilities provider’s stock worth $1,131,000 after buying an additional 112 shares during the period. 64.29% of the stock is currently owned by institutional investors.

Duke Energy Company Profile

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

Featured Article: Support Level

Get a free copy of the Zacks research report on Duke Energy (DUK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Duke Energy (NYSE:DUK)

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.