What is Northland Capmk’s Estimate for EE FY2024 Earnings?

Excelerate Energy, Inc. (NYSE:EE) – Northland Capmk decreased their FY2024 earnings per share estimates for Excelerate Energy in a report released on Monday, November 11th. Northland Capmk analyst B. Brooks now forecasts that the company will post earnings per share of $1.18 for the year, down from their previous estimate of $1.19. The consensus estimate for Excelerate Energy’s current full-year earnings is $1.18 per share. Northland Capmk also issued estimates for Excelerate Energy’s Q4 2024 earnings at $0.33 EPS, Q1 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.37 EPS and FY2025 earnings at $1.38 EPS.

EE has been the topic of several other reports. Stephens lifted their target price on Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Wells Fargo & Company raised their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday. Barclays increased their price target on Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Northland Securities raised their target price on Excelerate Energy from $25.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Excelerate Energy has an average rating of “Moderate Buy” and an average target price of $24.57.

Excelerate Energy Price Performance

Shares of NYSE:EE opened at $27.96 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 4.12. Excelerate Energy has a 52 week low of $13.38 and a 52 week high of $28.60. The firm has a market cap of $2.99 billion, a PE ratio of 28.24 and a beta of 1.28. The firm’s fifty day moving average is $22.17 and its 200-day moving average is $19.75.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The business had revenue of $193.42 million during the quarter, compared to analyst estimates of $194.09 million. During the same quarter last year, the business earned $0.40 EPS.

Excelerate Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.06 per share. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.24 annualized dividend and a dividend yield of 0.86%. Excelerate Energy’s payout ratio is currently 10.10%.

Hedge Funds Weigh In On Excelerate Energy

A number of institutional investors have recently modified their holdings of EE. nVerses Capital LLC bought a new stake in Excelerate Energy during the 2nd quarter valued at $26,000. Public Employees Retirement System of Ohio bought a new position in Excelerate Energy in the 1st quarter valued at about $38,000. Allspring Global Investments Holdings LLC acquired a new position in Excelerate Energy during the 1st quarter valued at about $118,000. US Bancorp DE bought a new stake in Excelerate Energy during the 3rd quarter worth approximately $130,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Excelerate Energy in the third quarter worth approximately $161,000. 21.79% of the stock is owned by institutional investors and hedge funds.

Excelerate Energy Company Profile

Excelerate Energy, Inc provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; and natural gas supply to-power projects.