Sempra (NYSE:SRE) Updates FY 2024 Earnings Guidance

Sempra (NYSE:SRE) updated its FY 2024 earnings guidance on Wednesday. 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 Sempra stock traded up $1.49 during trading hours on Friday, hitting $91.25. 3,730,571 shares of the company’s stock traded hands, compared to its average volume of 2,895,625. The stock has a market capitalization of $57.77 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.82 and a beta of 0.75. Sempra has a 12-month low of $66.40 and a 12-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 fifty day simple moving average of $83.60 and a 200-day simple moving average of $79.21.

Sempra (NYSE:SRE) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.89 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 company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the prior year, the firm posted $1.08 EPS. The business’s revenue was down 16.7% on a year-over-year basis. Equities research analysts anticipate that Sempra will post 4.77 EPS for the current fiscal year.

Sempra Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have commented on SRE shares. Bank of America initiated coverage on shares of Sempra in a report on Thursday, September 12th. They set a “buy” rating and a $94.00 price objective on the stock. BMO Capital Markets upped their price target on shares of Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Barclays lifted 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. Morgan Stanley increased their target price on Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Evercore ISI raised their price target on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.