NextEra Energy (NEE) Expected to Announce Earnings of $1.74 Per Share

Brokerages expect NextEra Energy (NYSE:NEE) to post earnings per share of $1.74 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for NextEra Energy’s earnings, with the highest EPS estimate coming in at $1.79 and the lowest estimate coming in at $1.70. NextEra Energy reported earnings of $1.75 per share during the same quarter last year, which suggests a negative year over year growth rate of 0.6%. The firm is expected to announce its next earnings results before the market opens on Tuesday, April 24th.

According to Zacks, analysts expect that NextEra Energy will report full-year earnings of $7.72 per share for the current year, with EPS estimates ranging from $7.63 to $7.85. For the next fiscal year, analysts anticipate that the company will report earnings of $8.30 per share, with EPS estimates ranging from $8.20 to $8.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover NextEra Energy.

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NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.06). NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the business posted $1.21 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis.

Several analysts have commented on the company. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating and set a $182.00 price objective on the stock. in a report on Wednesday, April 11th. Morgan Stanley raised their price objective on NextEra Energy from $168.00 to $174.00 and gave the company an “overweight” rating in a report on Monday. JPMorgan Chase raised their price objective on NextEra Energy from $167.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 10th. UBS assumed coverage on NextEra Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $177.00 price objective on the stock. Finally, ValuEngine raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and an average price target of $166.57.

In related news, Director James L. Robo sold 18,000 shares of NextEra Energy stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $160.89, for a total transaction of $2,896,020.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Charles E. Sieving sold 2,844 shares of NextEra Energy stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $154.67, for a total value of $439,881.48. Following the transaction, the executive vice president now owns 48,966 shares in the company, valued at approximately $7,573,571.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 62,245 shares of company stock worth $9,783,623. Company insiders own 0.55% of the company’s stock.

A number of large investors have recently bought and sold shares of NEE. Taylor Hoffman Wealth Management acquired a new stake in shares of NextEra Energy in the fourth quarter valued at $106,000. D Orazio & Associates Inc. acquired a new stake in shares of NextEra Energy in the fourth quarter valued at $113,000. Risk Paradigm Group LLC grew its stake in shares of NextEra Energy by 108.1% in the third quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock valued at $125,000 after buying an additional 442 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at $128,000. Finally, Keeler Thomas Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at $129,000. Institutional investors own 76.37% of the company’s stock.

NEE traded up $1.10 during trading on Thursday, hitting $163.22. The company’s stock had a trading volume of 1,326,852 shares, compared to its average volume of 2,245,054. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 1.07. NextEra Energy has a twelve month low of $129.22 and a twelve month high of $164.71. The firm has a market cap of $75,430.61, a P/E ratio of 24.33, a PEG ratio of 2.54 and a beta of 0.23.

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About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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