CMS Energy (NYSE:CMS) Releases FY25 Earnings Guidance

CMS Energy (NYSE:CMS) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.52 to $3.58 for the period, compared to the consensus estimate of $3.59. CMS Energy also updated its FY 2024 guidance to 3.290-3.350 EPS.

CMS Energy Trading Down 1.9 %

NYSE CMS opened at $68.30 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. CMS Energy has a 1-year low of $54.13 and a 1-year high of $72.40. The firm’s fifty day simple moving average is $69.80 and its 200-day simple moving average is $64.67. The company has a market capitalization of $20.40 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 2.79 and a beta of 0.41.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. As a group, sell-side analysts anticipate that CMS Energy will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.02%. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy’s payout ratio is currently 63.19%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CMS. Mizuho downgraded shares of CMS Energy from an “outperform” rating to a “neutral” rating and cut their price target for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. KeyCorp raised their target price on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Bank of America upped their price target on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Morgan Stanley raised their price objective on CMS Energy from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Guggenheim upped their target price on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.85.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. 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.