Stock Market Watch

DTE Energy Company: Issues in-line guidance for FY11

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DTE Energy Company (NYSE:DTE). Last Market Price: 52.12, Change: -0.07, % Change: (-0.13%). Shares trade in the range of 51.55 – 52.65 dollars. It has a market capitalization of 8.83B dollars, making it a Mid Cap Stock and has 169.33M outstanding shares. The company has a beta of 0.64, indicating, the stock to be less volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 4.19; P/E of 12.43 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 58%. The company has a 52 week Price range (low – high) of $ 43.22 – 52.82. Average volumes of shares traded daily are 1,260,000. Volume traded in the last session was at 1,350,000, 1.07 times the average volume.

  • Reports Q3 (Sep)
    • EPS of $1.07, better than the market estimates
    • Revenues rose 5.9% year/year to $2.27 billion
  • Company issues in-line guidance for FY11, sees EPS of $3.50-3.70

For Q2 (Jun ’11), It had a Net profit margin of 9.86%, an Operating margin of 14.20%. Other Key stats and ratios are : Return on average assets of 3.27%, Return on average equity of 11.93%. The organization has an employee strength of 9,800

Consensus Recommendation is a Hold.


Estimate for sales for the Year Ending Dec-11 show a mean of 8,668.27 million dollars, an estimate high of 8,819.00 million dollars and an estimate low of 8,321.83 million dollars. A year ago the figures stood at 8,800.66 million dollars.

Estimate for sales for the Year Ending Dec-12 show a mean of 8,901.79 million dollars, an estimate high of 9,198.20 million dollars and an estimate low of 8,516.30 million dollars. A year ago the figures stood at 8,953.31 million dollars.

Estimate for EPS for the Year Ending Dec-11 show a mean of 3.60 dollars, an estimate high of 3.70 dollars and an estimate low of 3.54 dollars. A year ago the figures stood at 3.72 dollars.

Estimate for EPS for the Year Ending Dec-12 show a mean of 3.74 dollars, an estimate high of 3.85 dollars and an estimate low of 3.64 dollars. A year ago the figures stood at 3.85 dollars.

Sales for Quarter Ending Sep-11 was estimated at 2,132.96 million dollars, however the actual sales figure stood at 2,265.00 million dollars, 132.04 million dollars more than estimates.

Sales for Quarter Ending Jun-11 was estimated at 1,930.44 million dollars, however the actual sales figure stood at 2,028.00 million dollars, 97.56 million dollars more 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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