Stock Market Watch

Cleco Corporation – Reported Quarter 3 September earnings

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Cleco Corporation (NYSE:CNL). Last Market Price: 36.64, Change: +0.30, % Change: (0.83%). Shares trade in the range of 36.29 – 36.85 dollars. It has a market capitalization of 2.24B dollars, making it a Mid Cap Stock and has 61.06M outstanding shares. The company has a beta of 0.5, indicating, the stock to be less volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 3.05; P/E of 12.02 indicating, that the stock price to be fair valued. It operates in Utilities sector and belongs to Electric Utilities industry. Percentage shares held by institutional investors is 74%. The company has a 52 week Price range (low – high) of $ 30.05 – 37.74. Average volumes of shares traded daily are 671,839. Volume traded in the last session was at 255,225, 0.38 times the average volume.

  • Reported Q3 (Sep)
    • EPS of $1.08, better than the market estimates
    • Revenues fell 0.1% year on year to $349.7 million

For Q2 (Jun ’11), It had a Net profit margin of 25.78%, an Operating margin of 25.76%. Other Key stats and ratios are : Return on average assets of 6.95%, Return on average equity of 20.71%. The organization has an employee strength of 1,277

Consensus Recommendation is a Outperform.


Estimate for sales for the Year Ending Dec-11 show a mean of 1,053.68 million dollars, an estimate high of 1,137.19 million dollars and an estimate low of 889.21 million dollars. A year ago the figures stood at 1,088.76 million dollars.

Estimate for sales for the Year Ending Dec-12 show a mean of 1,108.93 million dollars, an estimate high of 1,248.00 million dollars and an estimate low of 919.84 million dollars. A year ago the figures stood at 1,144.63 million dollars.

Estimate for EPS for the Year Ending Dec-11 show a mean of 2.35 dollars, an estimate high of 2.35 dollars and an estimate low of 2.34 dollars. A year ago the figures stood at 2.26 dollars.

Estimate for EPS for the Year Ending Dec-12 show a mean of 2.44 dollars, an estimate high of 2.59 dollars and an estimate low of 2.37 dollars. A year ago the figures stood at 2.34 dollars.

Sales for Quarter Ending Sep-11 was estimated at 354.22 million dollars, however the actual sales figure stood at 351.58 million dollars, 2.64 million dollars less than estimates.

Sales for Quarter Ending Jun-11 was estimated at 290.91 million dollars, however the actual sales figure stood at 272.92 million dollars, 17.98 million dollars less than estimates.

edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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