Eversource Energy (ES) Set to Announce Earnings on Monday

Eversource Energy (NYSE:ES - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Monday, November 4th. Analysts expect Eversource Energy to post earnings of $0.96 per share for the quarter. Eversource Energy has set its FY24 guidance at $4.50-$4.67 EPS and its FY 2024 guidance at 4.500-4.670 EPS.Individual interested in participating in the company's earnings conference call can do so using this link.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.95 earnings per share for the quarter, hitting analysts' consensus estimates of $0.95. Eversource Energy had a negative net margin of 0.81% and a positive return on equity of 10.34%. The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The company's revenue was down 3.7% on a year-over-year basis. On average, analysts expect Eversource Energy to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Eversource Energy Trading Up 1.0 %

Shares of Eversource Energy stock traded up $0.65 on Monday, hitting $66.49. The stock had a trading volume of 1,554,271 shares, compared to its average volume of 2,391,108. The stock has a 50 day moving average of $66.56 and a 200 day moving average of $62.60. The firm has a market capitalization of $23.76 billion, a P/E ratio of -246.26, a PEG ratio of 2.56 and a beta of 0.61. Eversource Energy has a twelve month low of $52.03 and a twelve month high of $69.01. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 0.75.

Eversource Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend was Monday, September 23rd. Eversource Energy's payout ratio is presently -1,059.26%.

Insider Buying and Selling

In other news, EVP Penelope M. Conner sold 815 shares of the company's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total transaction of $53,382.50. Following the completion of the sale, the executive vice president now owns 9,032 shares of the company's stock, valued at $591,596. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Eversource Energy news, EVP Penelope M. Conner sold 500 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $64.94, for a total transaction of $32,470.00. Following the completion of the transaction, the executive vice president now owns 9,847 shares in the company, valued at $639,464.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Penelope M. Conner sold 815 shares of the business's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $65.50, for a total transaction of $53,382.50. Following the sale, the executive vice president now directly owns 9,032 shares of the company's stock, valued at $591,596. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ES shares. Mizuho increased their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. Bank of America raised their price target on shares of Eversource Energy from $67.00 to $68.00 and gave the company a "neutral" rating in a report on Thursday, August 29th. Morgan Stanley raised their target price on shares of Eversource Energy from $69.00 to $75.00 and gave the company an "equal weight" rating in a research note on Friday, August 23rd. BMO Capital Markets decreased their price objective on Eversource Energy from $74.00 to $72.00 and set a "market perform" rating on the stock in a report on Tuesday, October 15th. Finally, Scotiabank boosted their price target on shares of Eversource Energy from $57.00 to $66.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 20th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Eversource Energy presently has a consensus rating of "Hold" and a consensus price target of $70.07.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.