TotalEnergies (NYSE:TTE - Get Free Report) is set to post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect TotalEnergies to post earnings of $1.96 per share for the quarter.
TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing analysts' consensus estimates of $2.11 by ($0.13). TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. The business had revenue of $53.74 billion for the quarter, compared to the consensus estimate of $60.45 billion. During the same period last year, the firm posted $1.99 EPS. On average, analysts expect TotalEnergies to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
TotalEnergies Stock Down 0.4 %
TTE stock opened at $64.60 on Thursday. The firm's 50-day moving average is $67.62 and its two-hundred day moving average is $69.13. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $152.55 billion, a price-to-earnings ratio of 7.29, a price-to-earnings-growth ratio of 1.80 and a beta of 0.63. TotalEnergies has a 52 week low of $62.59 and a 52 week high of $74.97.
Analysts Set New Price Targets
TTE has been the topic of a number of analyst reports. Scotiabank dropped their price target on TotalEnergies from $80.00 to $75.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 10th. The Goldman Sachs Group upgraded TotalEnergies to a "hold" rating in a report on Thursday, October 3rd. Barclays upgraded TotalEnergies to a "strong-buy" rating in a research report on Wednesday, October 2nd. Wolfe Research started coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They issued an "outperform" rating and a $87.00 price target for the company. Finally, TD Cowen lowered shares of TotalEnergies from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 30th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $78.75.
Check Out Our Latest Stock Report on TotalEnergies
About TotalEnergies
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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.
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