Sempra (NYSE:SRE) Announces Earnings Results

Sempra (NYSE:SRE) announced its quarterly earnings data on Wednesday. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16), Briefing.com reports. The business had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Sempra had a net margin of 22.63% and a return on equity of 8.06%. Sempra’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS.

Sempra Stock Performance

Shares of NYSE SRE traded up $1.49 during trading hours on Friday, hitting $91.25. 3,733,561 shares of the company’s stock were exchanged, compared to its average volume of 3,307,586. Sempra has a 1-year low of $66.40 and a 1-year high of $91.88. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.41. The stock has a market capitalization of $57.80 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.91 and a beta of 0.75. The company’s 50-day moving average price is $83.60 and its 200-day moving average price is $79.26.

Sempra Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be given a $0.62 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.72%. Sempra’s dividend payout ratio is currently 54.63%.

Analyst Upgrades and Downgrades

SRE has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Wells Fargo & Company lifted their price objective on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday. Barclays boosted their price target on shares of Sempra from $87.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Evercore ISI boosted their target price on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Jefferies Financial Group began coverage on Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.00.

Sempra Company Profile

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.