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Wednesday, April 21, 2021

Is Now the Time to Invest in Entergy Corporation (NYSE:ETR)?

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Entergy Corporation (ETR) shares are trading at lower $107.56 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $114.50.

To add more color to this target, the company’s high over the last year is $135.55 and the low is $75.19. Over the last 52 weeks, ETR is down -8.94% while the S&P 500 is up 11.51%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, ETR reported a profit of $439.31 million. Entergy Corporation also saw revenues increase to $2.41 billion. In addition, ETR has free cash flow of -$761.62 million as of 06-2020. The company’s EBITDA came in at $1.0 billion which compares well with its peers.

ETR booked profit margins of 11.80%, its Return on Equity (ROE) is 12.00%, and its Return on Assets is 2.40%. All told, it is clear that, ETR needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. ETR has a short ratio of 1.60 and outstanding shares of 200.18M.

Company Outlook

ETR has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 6.13. Entergy Corporation ETR also noted assets of $53.37 billion at the end of the last quarter. Investors should also keep an eye on sector updates as ETR has historically followed its peers on positive news.

All told, Entergy Corporation ETR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ETR represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Entergy Corporation ETR is now commanding a market cap of 21.35B and a float of 199.68M. ETR is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of ETR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in ETR, either long or short, and we have not been compensated for this article.

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