Sempra (NYSE:SRE) Releases FY 2024 Earnings Guidance

Sempra (NYSE:SRE - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 4.600-4.900 for the period, compared to the consensus EPS estimate of 4.770. The company issued revenue guidance of -. Sempra also updated its FY 2025 guidance to 4.900-5.250 EPS.

Sempra Trading Up 7.3 %

SRE traded up $6.01 during trading on Wednesday, hitting $88.26. 7,743,011 shares of the stock traded hands, compared to its average volume of 2,880,808. The firm has a 50-day moving average of $83.26 and a 200 day moving average of $79.00. Sempra has a 12-month low of $66.40 and a 12-month high of $88.59. The firm has a market capitalization of $55.88 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 2.58 and a beta of 0.75. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.46 and a quick ratio of 0.41.

Sempra (NYSE:SRE - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.03). Sempra had a return on equity of 8.58% and a net margin of 22.31%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the prior year, the business posted $0.94 earnings per share. Sempra's quarterly revenue was down 9.7% compared to the same quarter last year. Equities research analysts anticipate that Sempra will post 4.77 EPS for the current year.

Sempra Announces Dividend

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

Analyst Ratings Changes

SRE has been the subject of several recent research reports. Evercore ISI lifted their target price on shares of Sempra from $83.00 to $84.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Bank of America began coverage on Sempra in a report on Thursday, September 12th. They set a "buy" rating and a $94.00 price target for the company. Jefferies Financial Group started coverage on shares of Sempra in a research note on Thursday, October 24th. They issued a "buy" rating and a $98.00 price target on the stock. Morgan Stanley lifted their target price on shares of Sempra from $80.00 to $85.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. Finally, BMO Capital Markets increased their price target on shares of Sempra from $93.00 to $96.00 and gave the company an "outperform" rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sempra has a consensus rating of "Moderate Buy" and a consensus target price of $87.55.

About Sempra

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.