Sempra (NYSE:SRE) Updates 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 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.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Morgan Stanley upped their price objective on Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Evercore ISI increased their price target on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday. Jefferies Financial Group assumed coverage on Sempra in a research report on Thursday, October 24th. They set a “buy” rating and a $98.00 price objective for the company. Wells Fargo & Company raised their target price on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday. 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 report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.00.

Sempra Stock Up 1.7 %

Shares of Sempra stock traded up $1.49 during trading hours on Friday, hitting $91.25. The company had a trading volume of 3,730,571 shares, compared to its average volume of 2,895,625. The company’s 50-day moving average is $83.60 and its two-hundred day moving average is $79.21. Sempra has a twelve month low of $66.40 and a twelve month high of $91.88. 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 company has a market cap of $57.77 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 2.82 and a beta of 0.75.

Sempra (NYSE:SRE) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.17). Sempra had a return on equity of 8.01% and a net margin of 22.63%. The firm had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the previous year, the business posted $1.08 EPS. The business’s revenue for the quarter was down 16.7% compared to the same quarter last year. Analysts anticipate that Sempra will post 4.77 earnings per share for the current fiscal 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 paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Thursday, December 5th. Sempra’s dividend payout ratio is currently 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.