Central Puerto (NYSE:CEPU) Issues Earnings Results

Central Puerto (NYSE:CEPU) issued its earnings results on Monday. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.19), Zacks reports. The business had revenue of $185.00 million for the quarter, compared to the consensus estimate of $200.26 million. Central Puerto had a return on equity of 21.76% and a net margin of 52.54%.

Central Puerto Price Performance

Shares of CEPU stock traded up $0.59 during trading hours on Tuesday, reaching $12.20. The stock had a trading volume of 285,889 shares, compared to its average volume of 323,633. The stock’s fifty day simple moving average is $10.38 and its 200 day simple moving average is $9.66. The company has a current ratio of 2.13, a quick ratio of 1.96 and a debt-to-equity ratio of 0.19. Central Puerto has a 12 month low of $5.76 and a 12 month high of $12.44. The firm has a market capitalization of $1.85 billion, a PE ratio of 4.98 and a beta of 1.23.

Analyst Upgrades and Downgrades

Separately, Bank of America raised their price objective on shares of Central Puerto from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th.

Central Puerto Company Profile

Central Puerto SA engages in the electric power generation in Argentina. It operates through three segments: Electric Power Generation from Conventional Sources, Electric Power Generation from Renewable Sources, and Natural Gas Transport and Distribution. The company generates energy through thermal, hydroelectric, and wind farms.