Sempra Energy (NYSE:SRE) will release its earnings data after the market closes on Wednesday, April 25th. Analysts expect Sempra Energy to post earnings of $2.02 per share for the quarter. Sempra Energy has set its FY18 guidance at $5.30-5.80 EPS.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.14. Sempra Energy had a return on equity of 8.86% and a net margin of 2.28%. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the business posted $1.52 EPS. The business’s revenue was up 3.3% on a year-over-year basis. On average, analysts expect Sempra Energy to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
SRE opened at $112.60 on Wednesday. Sempra Energy has a 12 month low of $100.63 and a 12 month high of $122.97. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.46 and a current ratio of 0.50. The company has a market capitalization of $28,243.96, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 2.20 and a beta of 0.49.
The firm also recently announced a quarterly dividend, which was paid on Sunday, April 15th. Investors of record on Friday, March 23rd were given a $0.895 dividend. This is a boost from Sempra Energy’s previous quarterly dividend of $0.82. This represents a $3.58 annualized dividend and a yield of 3.18%. The ex-dividend date was Thursday, March 22nd. Sempra Energy’s dividend payout ratio (DPR) is currently 66.05%.
Several analysts recently commented on SRE shares. Bank of America cut Sempra Energy from a “buy” rating to a “neutral” rating and set a $112.00 target price on the stock. in a research report on Friday, December 22nd. Wells Fargo restated a “buy” rating and issued a $121.00 target price (down from $130.00) on shares of Sempra Energy in a research report on Wednesday, January 3rd. Zacks Investment Research cut Sempra Energy from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 20th. UBS started coverage on Sempra Energy in a research report on Friday, February 2nd. They issued a “buy” rating and a $124.00 target price on the stock. Finally, Guggenheim reiterated a “buy” rating and set a $122.00 price target on shares of Sempra Energy in a research report on Friday, February 23rd. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Sempra Energy presently has an average rating of “Buy” and a consensus target price of $120.18.
In other news, Chairman Debra L. Reed sold 49,909 shares of the firm’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $110.37, for a total transaction of $5,508,456.33. Following the completion of the sale, the chairman now directly owns 177,227 shares of the company’s stock, valued at approximately $19,560,543.99. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP G Joyce Rowland sold 3,948 shares of the firm’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $109.81, for a total value of $433,529.88. Following the sale, the vice president now directly owns 2,655 shares of the company’s stock, valued at $291,545.55. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.
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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