Sempra (NYSE:SRE) Updates FY25 Earnings Guidance

Sempra (NYSE:SRE) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.90-5.25 for the period, compared to the consensus earnings per share estimate of $5.15. Sempra also updated its FY 2024 guidance to 4.600-4.900 EPS.

Analyst Ratings Changes

Several equities analysts have issued reports on SRE shares. Jefferies Financial Group assumed coverage on shares of Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price target on the stock. Wells Fargo & Company boosted their price objective on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday. Morgan Stanley raised their price objective on shares of Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Evercore ISI lifted their target price on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Barclays increased their price objective 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. 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.00.

Sempra Trading Up 1.7 %

NYSE SRE traded up $1.49 on Friday, reaching $91.25. The company had a trading volume of 3,730,571 shares, compared to its average volume of 2,895,611. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.52 and a quick ratio of 0.41. The business has a 50 day moving average of $83.26 and a two-hundred day moving average of $79.00. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $91.88. The firm has a market cap of $57.77 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 2.82 and a beta of 0.75.

Sempra (NYSE:SRE) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.17). The company had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Sempra had a return on equity of 8.01% and a net margin of 22.63%. Sempra’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same period last year, the firm posted $1.08 earnings per share. Analysts forecast that Sempra will post 4.77 EPS for the current year.

Sempra Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Thursday, December 5th. Sempra’s payout ratio is 54.63%.

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.