Sempra (NYSE:SRE) Releases FY 2024 Earnings Guidance

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

Sempra Trading Up 2.7 %

Sempra stock traded up $2.22 during midday trading on Wednesday, reaching $84.47. 757,375 shares of the stock traded hands, compared to its average volume of 2,846,010. The firm has a market cap of $53.48 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 2.61 and a beta of 0.75. 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 company has a 50-day simple moving average of $83.12 and a two-hundred day simple moving average of $78.93. Sempra has a 12-month low of $66.40 and a 12-month high of $86.57.

Sempra (NYSE:SRE) last announced its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.46 billion. Sempra had a return on equity of 8.58% and a net margin of 22.31%. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 earnings per share. Research analysts expect that Sempra will post 4.77 earnings per share for the current fiscal year.

Sempra Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 26th were given a $0.62 dividend. The ex-dividend date was Thursday, September 26th. This represents a $2.48 dividend on an annualized basis and a yield of 2.94%. Sempra’s dividend payout ratio (DPR) is presently 52.99%.

Analysts Set New Price Targets

SRE has been the subject of several research reports. Jefferies Financial Group began coverage on Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 target price for the company. Bank of America started coverage on shares of Sempra in a research report on Thursday, September 12th. They set a “buy” rating and a $94.00 price objective on the stock. Morgan Stanley upped their target price on shares of Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Evercore ISI upped their price objective on Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, BMO Capital Markets boosted their price target 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently 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.