TotalEnergies (TTE) to Release Quarterly Earnings on Thursday

TotalEnergies (NYSE:TTE) will be releasing its earnings data before the market opens on Thursday, July 25th. Analysts expect TotalEnergies to post earnings of $2.13 per share for the quarter.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Friday, April 26th. The company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.18. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. The firm had revenue of $56.28 billion for the quarter, compared to the consensus estimate of $59.64 billion. On average, analysts expect TotalEnergies to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

TotalEnergies Price Performance

Shares of TotalEnergies stock traded up $1.02 on Thursday, reaching $69.49. The stock had a trading volume of 232,924 shares, compared to its average volume of 1,510,224. TotalEnergies has a 1 year low of $57.97 and a 1 year high of $74.97. The company has a market cap of $164.10 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 1.67 and a beta of 0.64. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $69.76 and its two-hundred day moving average is $68.42.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TTE. Piper Sandler increased their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. Wolfe Research assumed coverage on shares of TotalEnergies in a research report on Thursday. They issued an “outperform” rating and a $87.00 price objective on the stock. Finally, Scotiabank decreased their price objective on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $72.80.

About TotalEnergies

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.