$0.79 Earnings Per Share Expected for Eversource Energy (NYSE:ES) This Quarter

Analysts expect Eversource Energy (NYSE:ES) to post $0.79 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Eversource Energy’s earnings, with estimates ranging from $0.75 to $0.83. Eversource Energy posted earnings of $0.73 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.2%. The firm is expected to announce its next earnings results on Wednesday, February 19th.

On average, analysts expect that Eversource Energy will report full year earnings of $3.45 per share for the current fiscal year, with EPS estimates ranging from $3.43 to $3.47. For the next fiscal year, analysts forecast that the firm will report earnings of $3.64 per share, with EPS estimates ranging from $3.58 to $3.69. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Eversource Energy.

Eversource Energy (NYSE:ES) last announced its earnings results on Tuesday, November 5th. The utilities provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.02. Eversource Energy had a net margin of 10.46% and a return on equity of 9.28%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was down 4.2% compared to the same quarter last year.

ES has been the subject of a number of recent research reports. Guggenheim raised Eversource Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $76.00 to $88.00 in a research report on Wednesday, September 4th. JPMorgan Chase & Co. assumed coverage on Eversource Energy in a report on Wednesday. They issued a “neutral” rating and a $86.00 target price on the stock. KeyCorp boosted their target price on Eversource Energy from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Morgan Stanley upped their price target on Eversource Energy from $80.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Finally, ValuEngine downgraded Eversource Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Eversource Energy currently has an average rating of “Hold” and a consensus target price of $81.83.

ES stock traded up $0.49 during trading on Friday, hitting $81.34. The company had a trading volume of 992,961 shares, compared to its average volume of 2,005,323. The firm has a 50-day moving average price of $82.02 and a 200-day moving average price of $80.11. The company has a quick ratio of 0.54, a current ratio of 0.59 and a debt-to-equity ratio of 1.11. The firm has a market cap of $26.33 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 4.18 and a beta of 0.16. Eversource Energy has a 1-year low of $62.61 and a 1-year high of $86.55.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 2.63%. The ex-dividend date is Thursday, December 19th. Eversource Energy’s payout ratio is 65.24%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mason Street Advisors LLC boosted its stake in shares of Eversource Energy by 0.7% in the third quarter. Mason Street Advisors LLC now owns 46,103 shares of the utilities provider’s stock valued at $3,940,000 after buying an additional 309 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Eversource Energy by 1.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,597,047 shares of the utilities provider’s stock valued at $136,499,000 after acquiring an additional 23,888 shares during the period. Acadian Asset Management LLC boosted its position in shares of Eversource Energy by 42.0% during the 2nd quarter. Acadian Asset Management LLC now owns 44,174 shares of the utilities provider’s stock worth $3,347,000 after purchasing an additional 13,074 shares in the last quarter. Tiedemann Advisors LLC grew its stake in shares of Eversource Energy by 3.4% during the 3rd quarter. Tiedemann Advisors LLC now owns 59,298 shares of the utilities provider’s stock worth $5,068,000 after purchasing an additional 1,938 shares during the period. Finally, APG Asset Management N.V. grew its stake in shares of Eversource Energy by 13.5% during the 2nd quarter. APG Asset Management N.V. now owns 1,357,503 shares of the utilities provider’s stock worth $90,309,000 after purchasing an additional 161,400 shares during the period. Institutional investors own 81.59% of the company’s stock.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

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