Sempra Energy (SRE) to Release Quarterly Earnings on Friday
Sempra Energy (NYSE:SRE) will be issuing its Q114 quarterly earnings data on Friday, May 2nd. Analysts expect the company to announce earnings of $0.95 per share and revenue of $2.75 billion for the quarter. Sempra Energy has set its FY14 guidance at $4.25-4.55 EPS.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Thursday, February 27th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.15. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts expect Sempra Energy to post $4.46 EPS for the current fiscal year and $4.82 EPS for the next fiscal year.
Sempra Energy (NYSE:SRE) opened at 98.61 on Thursday. Sempra Energy has a 1-year low of $77.49 and a 1-year high of $99.81. The stock has a 50-day moving average of $96.65 and a 200-day moving average of $92.13. The company has a market cap of $24.105 billion and a price-to-earnings ratio of 24.61.
A number of analysts have recently weighed in on SRE shares. Analysts at UBS AG initiated coverage on shares of Sempra Energy in a research note on Monday, April 14th. They set a “buy” rating and a $106.00 price target on the stock. On the ratings front, analysts at RBC Capital raised their price target on shares of Sempra Energy from $102.00 to $104.00 in a research note on Wednesday, April 2nd. They now have an “outperform” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Sempra Energy in a research note on Friday, March 28th. They now have a $102.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $96.39.
Sempra Energy is a holding company. During the year ended December 31, 2011, Sempra Energy’s business was organized in five segments consisting of San Diego Gas & Electric Company (NYSE:SRE), Southern California Gas Company (SoCalGas), Sempra Generation, Sempra Pipelines & Storage and Sempra LNG (liquefied natural gas).
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