Sempra (SRE) Set to Announce Earnings on Tuesday

Sempra (NYSE:SRE) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, August 6th. Analysts expect Sempra to post earnings of $1.03 per share for the quarter. Sempra has set its FY24 guidance at $4.60-4.90 EPS and its FY25 guidance at $4.90-5.25 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Sempra (NYSE:SRE) last posted its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.01). The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $5.58 billion. Sempra had a return on equity of 8.95% and a net margin of 20.99%. The business’s quarterly revenue was down 44.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.46 earnings per share. On average, analysts expect Sempra to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Sempra Price Performance

Shares of NYSE:SRE traded up $0.16 during midday trading on Tuesday, hitting $79.42. The company’s stock had a trading volume of 176,744 shares, compared to its average volume of 2,970,317. The business’s 50 day simple moving average is $76.28 and its 200 day simple moving average is $73.26. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.57 and a current ratio of 0.62. The company has a market cap of $50.05 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 2.73 and a beta of 0.74. Sempra has a 12-month low of $63.75 and a 12-month high of $80.54.

Sempra Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Thursday, June 27th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Thursday, June 27th. Sempra’s dividend payout ratio is currently 54.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SRE shares. Morgan Stanley reduced their target price on shares of Sempra from $79.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. BMO Capital Markets reduced their target price on shares of Sempra from $86.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 10th. Mizuho lifted their target price on shares of Sempra from $79.00 to $86.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. LADENBURG THALM/SH SH reduced their target price on shares of Sempra from $81.50 to $79.00 and set a “buy” rating on the stock in a research note on Wednesday, May 29th. Finally, Wells Fargo & Company lifted their target price on shares of Sempra from $79.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.10.

Insider Transactions at Sempra

In related news, Director Richard J. Mark acquired 1,925 shares of Sempra stock in a transaction dated Friday, May 17th. The stock was acquired at an average price of $77.97 per share, for a total transaction of $150,092.25. Following the transaction, the director now owns 5,420 shares of the company’s stock, valued at $422,597.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Peter R. Wall sold 6,100 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $75.07, for a total value of $457,927.00. Following the completion of the sale, the chief accounting officer now owns 14,751 shares in the company, valued at approximately $1,107,357.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard J. Mark purchased 1,925 shares of Sempra stock in a transaction that occurred on Friday, May 17th. The stock was acquired at an average price of $77.97 per share, with a total value of $150,092.25. Following the transaction, the director now owns 5,420 shares in the company, valued at $422,597.40. The disclosure for this purchase can be found here. Insiders own 0.24% of the company’s stock.

Sempra Company Profile

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.