Eversource Energy (ES) Posts Earnings Results, Misses Expectations By $0.01 EPS

Eversource Energy (NYSE:ES) issued its quarterly earnings data on Thursday. The utilities provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.01), Briefing.com reports. Eversource Energy had a return on equity of 9.03% and a net margin of 12.84%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. Eversource Energy updated its FY18 guidance to $3.20-3.30 EPS.

Eversource Energy (ES) traded up $0.11 during trading on Thursday, reaching $57.48. 3,200,000 shares of the company were exchanged, compared to its average volume of 3,010,000. The company has a market capitalization of $18,210.00, a P/E ratio of 18.66, a P/E/G ratio of 2.92 and a beta of 0.27. Eversource Energy has a 1-year low of $55.93 and a 1-year high of $66.15. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Tuesday, March 6th will be given a $0.505 dividend. The ex-dividend date is Monday, March 5th. This represents a $2.02 dividend on an annualized basis and a yield of 3.51%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.48. Eversource Energy’s dividend payout ratio (DPR) is 61.69%.

ES has been the topic of a number of research analyst reports. Guggenheim restated a “buy” rating and set a $64.00 price objective on shares of Eversource Energy in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Tuesday, January 2nd. Morgan Stanley lowered shares of Eversource Energy from an “overweight” rating to an “equal weight” rating and set a $63.00 price objective on the stock. in a report on Tuesday, February 13th. Janney Montgomery Scott lowered shares of Eversource Energy from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. Finally, UBS Group initiated coverage on shares of Eversource Energy in a report on Friday, February 2nd. They set a “neutral” rating and a $66.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Eversource Energy currently has an average rating of “Hold” and an average price target of $63.63.

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About Eversource Energy

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, Massachusetts, and New Hampshire and the regulated electric generation businesses.

Earnings History for Eversource Energy (NYSE:ES)

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