Eversource Energy (NYSE:ES) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Eversource Energy (NYSE:ES) posted its quarterly earnings results on Tuesday. The utilities provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01, Zacks reports. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. Eversource Energy updated its FY 2025 guidance to 4.520-4.600 EPS.

Eversource Energy Trading Up 1.9 %

Shares of NYSE:ES traded up $1.12 during trading hours on Tuesday, hitting $61.61. 3,077,672 shares of the company’s stock traded hands, compared to its average volume of 2,966,120. Eversource Energy has a 1 year low of $53.76 and a 1 year high of $69.01. The business has a fifty day moving average price of $57.93 and a 200-day moving average price of $62.72. The firm has a market capitalization of $22.58 billion, a P/E ratio of -39.24, a price-to-earnings-growth ratio of 2.25 and a beta of 0.62. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.86 and a quick ratio of 0.76.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Tuesday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s payout ratio is -182.17%.

Analyst Ratings Changes

ES has been the topic of several recent analyst reports. Barclays cut their target price on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Jefferies Financial Group decreased their target price on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Guggenheim reissued a “buy” rating on shares of Eversource Energy in a report on Monday. Finally, Scotiabank lowered Eversource Energy from a “sector perform” rating to a “sector underperform” rating and cut their price objective for the company from $66.00 to $56.00 in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $67.42.

Eversource Energy Company Profile

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