Eversource Energy Expected to Earn FY2019 Earnings of $3.56 Per Share (ES)
Eversource Energy (NYSE:ES) – Investment analysts at Williams Capital issued their FY2019 earnings estimates for shares of Eversource Energy in a report issued on Monday. Williams Capital analyst C. Ellinghaus expects that the utilities provider will post earnings per share of $3.56 for the year.
Eversource Energy (NYSE:ES) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. Eversource Energy had a net margin of 12.81% and a return on equity of 9.15%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: “Eversource Energy Expected to Earn FY2019 Earnings of $3.56 Per Share (ES)” was originally posted by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/08/16/eversource-energy-expected-to-earn-fy2019-earnings-of-3-56-per-share-es.html.
A number of other analysts have also recently weighed in on ES. Citigroup Inc. boosted their price objective on shares of Eversource Energy from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 25th. BMO Capital Markets boosted their target price on shares of Eversource Energy from $57.00 to $61.00 and gave the stock a “market perform” rating in a research report on Friday, May 5th. Barclays PLC reaffirmed an “equal weight” rating and set a $66.00 target price (up previously from $62.00) on shares of Eversource Energy in a research report on Thursday, June 1st. Zacks Investment Research raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Monday, June 5th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $59.00 target price on shares of Eversource Energy in a research report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $62.95.
Eversource Energy (ES) traded up 0.38% during midday trading on Wednesday, reaching $62.81. 466,513 shares of the company were exchanged. Eversource Energy has a one year low of $50.56 and a one year high of $63.34. The firm’s 50-day moving average is $60.96 and its 200-day moving average is $59.79. The firm has a market cap of $19.90 billion, a P/E ratio of 20.33 and a beta of 0.28.
Several large investors have recently bought and sold shares of ES. Private Bank & Trust Co. raised its stake in Eversource Energy by 0.3% in the second quarter. Private Bank & Trust Co. now owns 4,167 shares of the utilities provider’s stock valued at $253,000 after buying an additional 13 shares during the last quarter. MAI Capital Management raised its stake in Eversource Energy by 0.6% in the second quarter. MAI Capital Management now owns 4,408 shares of the utilities provider’s stock valued at $268,000 after buying an additional 25 shares during the last quarter. Buckingham Asset Management LLC raised its stake in Eversource Energy by 0.6% in the second quarter. Buckingham Asset Management LLC now owns 4,047 shares of the utilities provider’s stock valued at $246,000 after buying an additional 25 shares during the last quarter. Cleararc Capital Inc. raised its stake in Eversource Energy by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,743 shares of the utilities provider’s stock valued at $455,000 after buying an additional 31 shares during the last quarter. Finally, Barry Investment Advisors LLC raised its stake in Eversource Energy by 0.8% in the first quarter. Barry Investment Advisors LLC now owns 6,220 shares of the utilities provider’s stock valued at $366,000 after buying an additional 49 shares during the last quarter. 71.31% of the stock is currently owned by institutional investors and hedge funds.
In other Eversource Energy news, VP Werner J. Schweiger sold 36,736 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $62.00, for a total value of $2,277,632.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.53% of the company’s stock.
Eversource Energy Company Profile
Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.
Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.