Sempra Energy (NYSE:SRE) will be posting its quarterly earnings results before the market opens on Wednesday, November 7th. Analysts expect Sempra Energy to post earnings of $1.13 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Monday, August 6th. The utilities provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.17. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.64 billion. Sempra Energy had a negative net margin of 5.89% and a positive return on equity of 8.69%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS. On average, analysts expect Sempra Energy to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Sempra Energy stock opened at $112.57 on Tuesday. The company has a market capitalization of $29.82 billion, a PE ratio of 20.77, a P/E/G ratio of 2.51 and a beta of 0.37. Sempra Energy has a 1 year low of $100.49 and a 1 year high of $127.22. The company has a current ratio of 0.58, a quick ratio of 0.54 and a debt-to-equity ratio of 1.28.
The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 21st were paid a $0.895 dividend. This represents a $3.58 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Thursday, September 20th. Sempra Energy’s dividend payout ratio (DPR) is 66.05%.
A number of equities research analysts have recently issued reports on the stock. Morgan Stanley set a $121.00 price target on shares of Sempra Energy and gave the company a “hold” rating in a research note on Friday, September 28th. ValuEngine upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Argus lifted their price objective on shares of Sempra Energy to $130.00 and gave the company a “buy” rating in a report on Monday, July 9th. JPMorgan Chase & Co. set a $110.00 price objective on shares of Sempra Energy and gave the company a “hold” rating in a report on Monday, July 30th. Finally, Bank of America dropped their price objective on shares of Sempra Energy from $122.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, September 26th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Sempra Energy currently has an average rating of “Buy” and an average price target of $123.25.
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Sempra Energy Company Profile
Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment engages in the generation, transmission, and distribution of electricity.
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