Dominion Energy (D) to Release Earnings on Thursday

Dominion Energy (NYSE:D) is scheduled to release its earnings data before the market opens on Thursday, August 1st. Analysts expect Dominion Energy to post earnings of $0.59 per share for the quarter. Dominion Energy has set its FY24 guidance at $2.62-$2.87 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same period in the prior year, the firm posted $0.99 earnings per share. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. On average, analysts expect Dominion Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Dominion Energy Trading Up 0.6 %

D opened at $53.21 on Wednesday. Dominion Energy has a one year low of $39.18 and a one year high of $54.23. The stock has a market capitalization of $44.57 billion, a PE ratio of 27.43, a P/E/G ratio of 1.41 and a beta of 0.59. The business’s 50 day moving average price is $51.12 and its 200 day moving average price is $49.22. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date was Friday, May 31st. Dominion Energy’s dividend payout ratio is presently 137.63%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on D shares. Barclays decreased their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. BMO Capital Markets decreased their price objective on Dominion Energy from $52.00 to $51.00 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. Scotiabank cut their target price on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Finally, Mizuho boosted their target price on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Dominion Energy has an average rating of “Hold” and a consensus target price of $51.64.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.