Eversource Energy (NYSE:ES) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.20-3.30 for the period, compared to the Thomson Reuters consensus estimate of $3.30.
Eversource Energy (ES) traded up $1.89 on Friday, reaching $59.37. The company’s stock had a trading volume of 1,356,764 shares, compared to its average volume of 2,915,784. The firm has a market cap of $18,176.57, a price-to-earnings ratio of 18.66, a P/E/G ratio of 2.88 and a beta of 0.27. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. Eversource Energy has a 12-month low of $55.93 and a 12-month high of $66.15.
Eversource Energy (NYSE:ES) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.01). The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.87 billion. Eversource Energy had a net margin of 12.84% and a return on equity of 9.03%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business earned $0.72 EPS. equities research analysts expect that Eversource Energy will post 3.13 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Tuesday, March 6th will be given a $0.505 dividend. The ex-dividend date of this dividend is Monday, March 5th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.40%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.48. Eversource Energy’s dividend payout ratio (DPR) is currently 61.69%.
A number of brokerages have commented on ES. Bank of America reduced their price objective on Eversource Energy from $64.00 to $59.00 and set an underperform rating for the company in a research report on Friday, February 2nd. Morgan Stanley reduced their price objective on Eversource Energy from $67.00 to $63.00 and set an overweight rating for the company in a research report on Friday, February 2nd. Janney Montgomery Scott downgraded Eversource Energy from a buy rating to a neutral rating in a research report on Friday, February 2nd. UBS Group started coverage on Eversource Energy in a research report on Friday, February 2nd. They set a neutral rating and a $66.00 target price for the company. Finally, Guggenheim restated a buy rating and set a $64.00 target price on shares of Eversource Energy in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Eversource Energy currently has a consensus rating of Hold and a consensus target price 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.
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