Sempra (NYSE:SRE) Updates FY25 Earnings Guidance

Sempra (NYSE:SRE - Get Free Report) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.90-5.25 for the period, compared to the consensus earnings per share estimate of $5.15. Sempra also updated its FY 2024 guidance to 4.600-4.900 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Sempra in a research report on Thursday, October 24th. They set a "buy" rating and a $98.00 target price on the stock. Evercore ISI boosted their price target on shares of Sempra from $83.00 to $84.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Morgan Stanley boosted their price target on shares of Sempra from $80.00 to $85.00 and gave the company an "equal weight" rating in a report on Wednesday, September 25th. Barclays boosted their price target on shares of Sempra from $87.00 to $89.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. Finally, Bank of America initiated coverage on shares of Sempra in a report on Thursday, September 12th. They issued a "buy" rating and a $94.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.55.

Sempra Price Performance

NYSE SRE traded up $6.01 on Wednesday, hitting $88.26. 7,743,011 shares of the company were exchanged, compared to its average volume of 2,880,688. The firm has a 50 day moving average of $83.12 and a two-hundred day moving average of $78.93. The company has a market cap of $55.88 billion, a P/E ratio of 18.20, a P/E/G ratio of 2.58 and a beta of 0.75. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.84. Sempra has a 1-year low of $66.40 and a 1-year high of $88.59.

Sempra (NYSE:SRE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.03). The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.46 billion. Sempra had a return on equity of 8.58% and a net margin of 22.31%. The firm's quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter last year, the company earned $0.94 EPS. On average, equities analysts predict that Sempra will post 4.77 EPS for the current year.

Sempra Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 26th were given a dividend of $0.62 per share. The ex-dividend date was Thursday, September 26th. This represents a $2.48 annualized dividend and a yield of 2.81%. Sempra's dividend payout ratio (DPR) is 52.99%.

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.