Sempra Energy (SRE) to Release Quarterly Earnings on Monday
Sempra Energy (NYSE:SRE) will be announcing its earnings results before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $1.04 per share for the quarter. Sempra Energy has set its FY17 guidance at $5.00-5.30 EPS and its FY18 guidance at $5.30-5.80 EPS.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.30. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.46 billion. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The company’s revenue was up 17.5% on a year-over-year basis. During the same period last year, the company earned $0.79 earnings per share. On average, analysts expect Sempra Energy to post $5.18 EPS for the current fiscal year and $5.51 EPS for the next fiscal year.
Shares of Sempra Energy (SRE) traded up 0.101% during mid-day trading on Monday, reaching $114.245. The company had a trading volume of 185,880 shares. Sempra Energy has a 52-week low of $92.95 and a 52-week high of $120.17. The firm’s 50-day moving average price is $115.83 and its 200 day moving average price is $114.36. The company has a market cap of $28.68 billion, a price-to-earnings ratio of 16.898 and a beta of 0.55.
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Investors of record on Friday, September 22nd were given a dividend of $0.8225 per share. The ex-dividend date was Thursday, September 21st. This represents a $3.29 annualized dividend and a dividend yield of 2.88%. Sempra Energy’s dividend payout ratio is currently 48.74%.
Several analysts recently weighed in on SRE shares. Wells Fargo & Company dropped their price objective on Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Tuesday, October 10th. J P Morgan Chase & Co dropped their price objective on Sempra Energy from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, October 12th. Goldman Sachs Group, Inc. (The) upgraded Sempra Energy from a “neutral” rating to a “buy” rating and increased their target price for the company from $117.00 to $129.00 in a research report on Wednesday, October 11th. Zacks Investment Research downgraded Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, BidaskClub downgraded Sempra Energy from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $124.22.
Sempra Energy Company Profile
Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.
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