DTE Energy (NYSE:DTE – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $6.54-6.83 for the period, compared to the consensus estimate of $6.71.
DTE Energy Price Performance
Shares of DTE Energy stock traded down $0.25 during trading on Thursday, hitting $129.74. 1,575,114 shares of the stock traded hands, compared to its average volume of 1,074,969. The stock has a market cap of $26.85 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 2.29 and a beta of 0.67. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. DTE Energy has a 52 week low of $92.58 and a 52 week high of $131.66. The firm’s fifty day moving average is $125.52 and its 200-day moving average is $117.67.
DTE Energy (NYSE:DTE – Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.22. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period last year, the business earned $0.99 earnings per share. Research analysts expect that DTE Energy will post 6.7 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on DTE Energy
About DTE Energy
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.
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