Eversource Energy (ES) to Release Quarterly Earnings on Wednesday
Eversource Energy (NYSE:ES) is scheduled to announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.87 per share for the quarter. Eversource Energy has set its FY17 guidance at $3.05-$3.20 EPS.
Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Eversource Energy had a return on equity of 9.15% and a net margin of 12.81%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 earnings per share. On average, analysts expect Eversource Energy to post $3.16 EPS for the current fiscal year and $3.33 EPS for the next fiscal year.
Eversource Energy (NYSE ES) opened at 62.42 on Wednesday. The stock has a market capitalization of $19.78 billion, a PE ratio of 20.20 and a beta of 0.28. Eversource Energy has a 12 month low of $50.56 and a 12 month high of $64.19. The stock has a 50 day moving average price of $61.67 and a 200 day moving average price of $61.29.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th were paid a $0.475 dividend. The ex-dividend date was Monday, September 18th. This represents a $1.90 annualized dividend and a dividend yield of 3.04%. Eversource Energy’s dividend payout ratio (DPR) is 61.49%.
A number of equities research analysts have issued reports on ES shares. Credit Suisse Group increased their price target on Eversource Energy from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. Williams Capital increased their price target on shares of Eversource Energy from $64.00 to $66.00 and gave the company a “buy” rating in a report on Monday. Janney Montgomery Scott set a $71.00 price target on shares of Eversource Energy and gave the company a “buy” rating in a report on Monday, July 31st. BidaskClub raised shares of Eversource Energy from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Deutsche Bank AG downgraded shares of Eversource Energy from a “buy” rating to a “hold” rating and raised their price objective for the stock from $61.00 to $61.50 in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Eversource Energy currently has an average rating of “Hold” and an average price target of $64.06.
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.