Sempra (SRE) Scheduled to Post Earnings on Tuesday

Sempra (NYSE:SRE) is set to post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Sempra to post earnings of $1.50 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Sempra (NYSE:SRE) last released its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.02. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Sempra had a return on equity of 9.45% and a net margin of 18.26%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.17 EPS. 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 Sempra stock opened at $72.92 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $46.10 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 2.52 and a beta of 0.70. The business’s 50-day moving average price is $70.65 and its 200-day moving average price is $71.80. Sempra has a 12 month low of $63.75 and a 12 month high of $78.70.

Sempra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 21st were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This is a positive change from Sempra’s previous quarterly dividend of $0.60. This represents a $2.48 annualized dividend and a dividend yield of 3.40%. Sempra’s dividend payout ratio is 51.77%.

Analyst Ratings Changes

Several brokerages have recently commented on SRE. Mizuho reduced their price objective on Sempra from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. StockNews.com lowered Sempra from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Royal Bank of Canada restated an “outperform” rating and set a $82.00 price target on shares of Sempra in a research report on Wednesday, March 6th. BMO Capital Markets upgraded Sempra from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $76.00 to $84.00 in a research report on Thursday, January 11th. Finally, Morgan Stanley raised their price target on Sempra from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $82.14.

Insider Transactions at Sempra

In other news, insider Diana L. Day sold 3,937 shares of Sempra stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $71.21, for a total value of $280,353.77. Following the sale, the insider now directly owns 18,145 shares in the company, valued at approximately $1,292,105.45. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, VP Trevor I. Mihalik sold 57,571 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $70.59, for a total value of $4,063,936.89. Following the completion of the transaction, the vice president now owns 10,922 shares in the company, valued at approximately $770,983.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Diana L. Day sold 3,937 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $71.21, for a total value of $280,353.77. Following the completion of the transaction, the insider now owns 18,145 shares of the company’s stock, valued at approximately $1,292,105.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,432 shares of company stock worth $8,668,035. 0.27% of the stock is currently owned by insiders.

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.