CMS Energy (NYSE:CMS) Issues FY 2021 Earnings Guidance

CMS Energy (NYSE:CMS) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.830-2.870 for the period, compared to the Thomson Reuters consensus estimate of $2.860. The company issued revenue guidance of -.CMS Energy also updated its FY 2022 guidance to $2.850-2.870 EPS.

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price target on shares of CMS Energy from $75.00 to $70.00 and set an overweight rating on the stock in a report on Wednesday. They noted that the move was a valuation call. Credit Suisse Group raised their price target on shares of CMS Energy from $70.00 to $71.00 and gave the company an outperform rating in a report on Wednesday. Seaport Global Securities restated a neutral rating on shares of CMS Energy in a research report on Tuesday, April 13th. Morgan Stanley dropped their price objective on CMS Energy from $66.00 to $64.00 and set an equal weight rating for the company in a research note on Wednesday. Finally, Vertical Research lowered CMS Energy from a buy rating to a hold rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The stock has an average rating of Hold and an average price target of $67.00.

CMS traded up $0.31 during midday trading on Thursday, hitting $60.24. The stock had a trading volume of 3,111,446 shares, compared to its average volume of 2,121,291. CMS Energy has a 1 year low of $53.19 and a 1 year high of $67.98. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.73 and a current ratio of 0.87. The company’s fifty day moving average is $63.01. The stock has a market capitalization of $17.44 billion, a P/E ratio of 19.98, a P/E/G ratio of 3.29 and a beta of 0.18.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, April 29th. The utilities provider reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.04. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.01 billion. CMS Energy had a net margin of 12.48% and a return on equity of 14.74%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. On average, research analysts expect that CMS Energy will post 2.88 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Stockholders of record on Friday, May 7th were paid a dividend of $0.435 per share. The ex-dividend date was Thursday, May 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 2.89%. CMS Energy’s dividend payout ratio (DPR) is currently 65.17%.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through four segments: Electric Utility, Gas Utility, Enterprises, and EnerBank. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.

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Earnings History and Estimates for CMS Energy (NYSE:CMS)

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