Entergy Corporation (NYSE:ETR) Relative Strength Index (RSI) is 47.89, with weekly volatility at 1.76% and ATR at 1.87. The ETR stock’s 52-week price range has touched low of $85.78 and a $113.36 high. Intraday shares traded counted 0.87 million, which was 39.06% higher than its 30-day average trading volume of 1.42M. Its shares traded lower over the last trading session, losing -0.49% on 05/19/21. The shares fell to a low of $103.82 before closing at $105.01. ETR’s previous close was $105.53 while the outstanding shares total 200.53M. The firm has a beta of 0.55, a 12-month trailing P/E ratio of 13.17, and a growth ratio of 2.27.
Investors have identified the Utilities – Diversified company Entergy Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $20.85 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Entergy Corporation (ETR) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ETR, the company has in raw cash 1.74 billion on their books with 629.02 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 4.79 billion total, with 4.51 billion as their total liabilities.
ETR were able to record -1.6 billion as free cash flow during the 08/04/2021 quarter of the year, this saw their quarterly net cash flow reduce by -16.44 million. In cash movements, the company had a total of -49.56 million as operating cash flow.
Potential earnings growth for Entergy Corporation (ETR)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/04/2021 quarter of the year, Entergy Corporation recorded a total of 2.84 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 14.68% coming in sequential stages and their sales for the 08/04/2021 quarter increasing by 16.69%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 2.34 billion trying to sell their products during the last quarter, with the result yielding a gross income of 508.0 million. This allows shareholders to hold on to 200.53M with the recently reported earning now reading 1.67 cents per share. This is a figure that compared to analyst’s prediction for their 08/04/2021 (1.47 cents a share).
Having a look at the company’s valuation, the company is expected to record 6.30 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ETR sounds very interesting.
Is the stock of ETR attractive?
In related news, EVP & General Counsel, Brown Marcus V sold 16,000 shares of the company’s stock in a transaction that recorded on May 03. The sale was performed at an average price of 110.04, for a total value of 1,760,640. As the sale deal closes, the SVP, Chief Accounting Officer, FONTAN KIMBERLY A. now sold 1,620 shares of the company’s stock, valued at 177,341. Also, Director, HERMAN ALEXIS M sold 221 shares of the company’s stock in a deal that was recorded on Apr 30. The shares were price at an average price of 108.65 per share, with a total market value of 24,012. Following this completion of acquisition, the “Officer” Under Sec 16 Rules, FISACKERLY HALEY now holds 2,100 shares of the company’s stock, valued at 187,845. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
14 out of 19 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on Entergy Corporation. 0 analysts has assigned a Sell rating on the ETR stock. The 12-month mean consensus price target for the company’s shares has been set at $116.31.