Company Update: Duke Energy Corp (NYSE:DUK) – Duke Energy to announce first quarter 2016 earnings on May 3

[PR Newswire] – CHARLOTTE, N.C., April 6, 2016 /PRNewswire/ — Duke Energy will release its first quarter 2016 earnings results at 7 a.m. ET on Tuesday, May 3. An earnings conference call for analysts is scheduled for … Read more on this. Duke Energy Corporation (DUK) , with a current value of $54.37B, started the session at $79.60. Looking at the equity, the company’s one day range is $78.74 to $79.77 with a trailing 52-week range being $65.50 to $81.39. DUK shares are currently priced at 17.37x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.02x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $3.30 per share annually in dividends, yielding 4.07%. According to a consensus of 9 analysts, the earnings estimate of $1.17 per share would be $0.07 worse than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $4.60 is a $0.06 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.03 Billion. If reported, that would be a 0.50% decrease over the year-ago quarter. Recently, JP Morgan downgraded DUK from Overweight to Neutral (Feb 19, 2016). Previously, Wells Fargo downgraded DUK from Outperform to Market Perform. The average price target for DUK shares by the analysts covering the stock is $79.21, which is 0.49% below where the stock opened this morning. See more in (NYSE:DUK) Similar Articles: Company Update: Duke Energy Corp (NYSE:DUK) – Duke Energy to announce fourth quarter and year-end 2015 earnings on Feb. 18 Company Update: Duke Energy Corp (NYSE:DUK) – Duke Energy reports third quarter 2015 financial results Company Update (NYSE:DUK): Duke Energy to announce third quarter 2015 earnings Nov. 5