Stock Monitor: Ellomay Capital Post Earnings Reporting
LONDON, UK / ACCESSWIRE / March 22, 2018 / Active-Investors.com has just released a free earnings report on CMS Energy Corp. (NYSE: CMS) ("CMS"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CMS. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on February 14, 2018. The energy Company beat revenue estimates, while its earnings met market expectations. Additionally, the Company raised its adjusted earnings guidance for FY18. Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for Ellomay Capital Ltd (NYSE AMER: ELLO), which also belongs to the Utilities sector as the Company CMS Energy. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, CMS Energy most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
For the three months ended December 31, 2017, CMS reported operating revenues of $1.78 billion, reflecting a growth of 9% compared to $1.64 billion in Q4 2016. The Company's revenue numbers topped analysts' estimates of $1.68 billion.
For the twelve months ended December 31, 2017, CMS' revenues gained 3% to $6.58 billion compared to $6.40 billion in FY16.
During Q4 2017, CMS' operating income surged 35% to $379 million compared to $280 million in Q4 2016. The Company's reported quarter income before income taxes totaled $222 million versus $124 million in the prior year's same quarter, reflecting a growth of 79%.
CMS reported a net loss of $3.0 million, or $0.01 loss per share, in Q4 2017, reflecting a charge associated with the recently-enacted Tax Cuts and Jobs Act 2017 (TCJA), compared to a net income of $77 million, or $0.28 per share, in Q4 2016. After excluding the non-cash, non-recurring charge of $0.52 associated with the TCJA, the Company delivered adjusted earnings of $145 million, or $0.51 per share, in Q4 2017 versus $81 million, or $0.29 per share, in the year ago comparable period. CMS' adjusted earnings were in-line with Wall Street's estimates of $0.51 per share.
For FY17, CMS posted a net income of $460 million, or $1.64 per diluted share, compared to $551 million, or $1.98 per diluted share, in FY16. After excluding the non-cash, non-recurring charge of $0.52 associated with the TCJA, the Company delivered adjusted earnings of $610 million, or $2.17 per share, in FY17 compared to $563 million, or $2.02 per share, in the year ago corresponding period.
At December 31, 2017, CMS had $204 million of consolidated cash and cash equivalents, which included restricted cash of $22 million. At December 31, 2017, the Company had $544 million of its secured revolving credit facility available. During FY17, CMS generated an operating cash flow of over $1.71 billion compared to $1.63 billion in the year ago.
For the full fiscal year 2018, CMS raised both the bottom- and top-end of its adjusted earnings per share (EPS) guidance to $2.30 - $2.34, which represents an annual adjusted EPS growth 6% to 8%. The Company's outlook is $0.01 above its initial guidance provided at the end of Q3 2017.
Stock Performance Snapshot
March 21, 2018 - At Wednesday's closing bell, CMS Energy's stock was slightly down 0.41%, ending the trading session at $43.81.
Volume traded for the day: 2.25 million shares.
Stock performance in the last month – up 1.04%
After yesterday's close, CMS Energy's market cap was at $12.33 billion.
Price to Earnings (P/E) ratio was at 20.24.
The stock has a dividend yield of 3.26%.
The stock is part of the Utilities sector, categorized under the Electric Utilities industry.
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