Sempra (NYSE:SRE) Issues FY25 Earnings Guidance

Sempra (NYSE:SRE) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $4.90-5.25 for the period, compared to the consensus EPS estimate of $5.15. Sempra also updated its FY 2024 guidance to 4.600-4.900 EPS.

Sempra Trading Up 1.7 %

Shares of NYSE:SRE traded up $1.49 on Friday, hitting $91.25. 3,730,571 shares of the company’s stock were exchanged, compared to its average volume of 2,895,611. The stock has a market capitalization of $57.77 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 2.82 and a beta of 0.75. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.52 and a quick ratio of 0.41. Sempra has a 12 month low of $66.40 and a 12 month high of $91.88. The business’s 50 day simple moving average is $83.26 and its two-hundred day simple moving average is $79.00.

Sempra (NYSE:SRE) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.17). Sempra had a net margin of 22.63% and a return on equity of 8.01%. The firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the business posted $1.08 earnings per share. The firm’s quarterly revenue was down 16.7% on a year-over-year basis. Analysts anticipate that Sempra will post 4.77 EPS for the current fiscal year.

Sempra Dividend Announcement

The company also recently disclosed 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 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 (DPR) is currently 54.63%.

Analyst Ratings Changes

SRE has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on shares of Sempra in a research report on Thursday, October 24th. They issued a “buy” rating and a $98.00 target price on the stock. Bank of America started coverage on Sempra in a research note on Thursday, September 12th. They set a “buy” rating and a $94.00 target price for the company. Morgan Stanley lifted their target price on Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Evercore ISI increased their price target on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, BMO Capital Markets increased their target price on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.00.

About Sempra

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.