Sempra (NYSE:SRE) Releases FY 2024 Earnings Guidance

Sempra (NYSE:SRE) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.600-4.900 for the period, compared to the consensus estimate of 4.770. The company issued revenue guidance of -. Sempra also updated its FY 2025 guidance to 4.900-5.250 EPS.

Sempra Stock Performance

Shares of SRE stock traded up $1.49 during mid-day trading on Friday, hitting $91.25. The stock had a trading volume of 3,730,571 shares, compared to its average volume of 2,895,625. The firm has a market cap of $57.77 billion, a PE ratio of 20.10, a PEG ratio of 2.82 and a beta of 0.75. The company’s 50-day simple moving average is $83.60 and its 200-day simple moving average is $79.21. 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 fifty-two week low of $66.40 and a fifty-two week high of $91.88.

Sempra (NYSE:SRE) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.89 EPS 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 analyst estimates of $3.54 billion. During the same quarter in the previous year, the business earned $1.08 EPS. Sempra’s revenue for the quarter was down 16.7% on a year-over-year basis. Sell-side analysts anticipate that Sempra will post 4.77 earnings per share for the current year.

Sempra Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be paid 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 (DPR) is presently 54.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wells Fargo & Company boosted their target price on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday. BMO Capital Markets boosted their price objective on shares of Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Barclays upped their target price 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. Bank of America began coverage on shares of Sempra in a research report on Thursday, September 12th. They set a “buy” rating and a $94.00 price target for the company. Finally, Morgan Stanley upped their price target on Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.