Sempra (NYSE:SRE – Get Free Report) posted its quarterly earnings data on Tuesday. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03), Briefing.com reports. Sempra had a return on equity of 8.95% and a net margin of 20.99%. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. Sempra’s revenue for the quarter was down 9.7% compared to the same quarter last year.
Sempra Trading Up 0.3 %
SRE traded up $0.21 during midday trading on Wednesday, reaching $77.26. 4,243,550 shares of the company’s stock traded hands, compared to its average volume of 3,001,600. The firm has a fifty day moving average of $76.76 and a two-hundred day moving average of $73.52. The stock has a market capitalization of $48.68 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 2.83 and a beta of 0.74. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.62 and a quick ratio of 0.57. Sempra has a 52 week low of $63.75 and a 52 week high of $83.68.
Sempra Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Thursday, June 27th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Thursday, June 27th. Sempra’s payout ratio is 54.99%.
Insider Buying and Selling at Sempra
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on SRE shares. Wells Fargo & Company upped their price objective on Sempra from $79.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. LADENBURG THALM/SH SH cut their price objective on Sempra from $81.50 to $79.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. Evercore ISI upped their price objective on Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday. Morgan Stanley lowered their target price on Sempra from $79.00 to $76.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. Finally, Mizuho boosted their target price on Sempra from $79.00 to $86.00 and gave the company a “buy” rating in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.27.
Get Our Latest Research Report on Sempra
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.
Read More
- Five stocks we like better than Sempra
- What is the NASDAQ Stock Exchange?
- What Are Bonds? A High-Level Overview
- What Are Dividend Champions? How to Invest in the Champions
- Super Micro Stock Drops Sharply After Earnings on Margin Concerns
- NYSE Stocks Give Investors a Variety of Quality Options
- Lyft’s First-Ever Profit, but the Outlook Is a Speed Bump
Receive News & Ratings for Sempra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra and related companies with MarketBeat.com's FREE daily email newsletter.