NextEra Energy (NEE) Expected to Announce Quarterly Earnings on Friday

NextEra Energy (NYSE:NEE) is projected to issue its quarterly earnings data before the market opens on Friday, January 24th. Analysts expect the company to announce earnings of $0.53 per share and revenue of $7,969,732.81 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.94 earnings per share. On average, analysts expect NextEra Energy to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $68.47 on Thursday. NextEra Energy has a 12 month low of $53.95 and a 12 month high of $86.10. The firm has a market capitalization of $140.81 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 2.38 and a beta of 0.58. The business’s 50 day simple moving average is $73.33 and its 200-day simple moving average is $77.24. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

Analyst Upgrades and Downgrades

NEE has been the subject of several research reports. BMO Capital Markets lifted their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Guggenheim increased their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Finally, Morgan Stanley decreased their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, NextEra Energy presently has an average rating of “Hold” and a consensus price target of $87.15.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Company Profile

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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.