Sempra (SRE) Set to Announce Earnings on Wednesday

Sempra (NYSE:SRE) is scheduled to post its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect Sempra to post earnings of $1.11 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Sempra (NYSE:SRE) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.03). The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.46 billion. Sempra had a net margin of 22.31% and a return on equity of 8.58%. The business’s revenue was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 earnings per share. On average, analysts expect Sempra to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Sempra Stock Performance

SRE stock opened at $83.56 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.46 and a quick ratio of 0.41. The business has a 50-day moving average price of $83.04 and a 200 day moving average price of $78.43. The company has a market capitalization of $52.90 billion, a P/E ratio of 17.85, a PEG ratio of 2.69 and a beta of 0.75. Sempra has a 1-year low of $66.40 and a 1-year high of $86.57.

Sempra Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 26th were issued a $0.62 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $2.48 annualized dividend and a dividend yield of 2.97%. Sempra’s payout ratio is currently 52.99%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SRE. Barclays lifted their price objective on Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. BMO Capital Markets boosted their target price on shares of Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Jefferies Financial Group started coverage on shares of Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 target price for the company. Evercore ISI boosted their target price on shares of Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, Bank of America started coverage on shares of Sempra in a report on Thursday, September 12th. They issued a “buy” rating and a $94.00 target price for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sempra has an average rating of “Moderate Buy” and a consensus target price of $87.55.

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.