Sempra (SRE) to Release Earnings on Wednesday

Sempra (NYSE:SRE) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.11 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

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

Sempra Price Performance

Shares of NYSE SRE opened at $80.81 on Tuesday. The company has a market capitalization of $51.16 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 2.61 and a beta of 0.75. Sempra has a twelve month low of $66.40 and a twelve month high of $86.57. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average of $83.11 and a two-hundred day moving average of $78.85.

Sempra Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Thursday, September 26th. Sempra’s dividend payout ratio is 52.99%.

Wall Street Analyst Weigh In

Several analysts have recently commented on SRE shares. Evercore ISI raised their target price on Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Barclays lifted their target price on shares of Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Jefferies Financial Group started coverage on shares of Sempra in a research report on Thursday, October 24th. They set a “buy” rating and a $98.00 target price on the stock. 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 research note on Monday, October 21st. Finally, Morgan Stanley boosted their target price on shares of Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research 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 assigned a buy rating to the company. Based on data from MarketBeat, Sempra currently has a consensus rating of “Moderate Buy” and a consensus price target 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.