Eversource Energy (NYSE:ES) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $3.20-3.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.30.
Shares of Eversource Energy (NYSE:ES) opened at $59.47 on Friday. The firm has a market cap of $18,214.60, a price-to-earnings ratio of 19.12, a P/E/G ratio of 2.88 and a beta of 0.27. Eversource Energy has a fifty-two week low of $55.93 and a fifty-two week high of $66.15. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95.
Eversource Energy (NYSE:ES) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.01). The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.87 billion. Eversource Energy had a net margin of 12.74% and a return on equity of 9.07%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. equities analysts expect that Eversource Energy will post 3.33 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Tuesday, March 6th will be issued a $0.505 dividend. The ex-dividend date is Monday, March 5th. This represents a $2.02 annualized dividend and a yield of 3.40%. This is a boost from Eversource Energy’s previous quarterly dividend of $0.48. Eversource Energy’s payout ratio is 61.09%.
ES has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Eversource Energy from a hold rating to a buy rating and set a $71.00 price target on the stock in a report on Tuesday, January 2nd. Credit Suisse Group cut shares of Eversource Energy from a neutral rating to an underperform rating and cut their price target for the company from $63.00 to $59.00 in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Citigroup cut shares of Eversource Energy from a neutral rating to a sell rating in a report on Friday, February 2nd. Morgan Stanley cut shares of Eversource Energy from an overweight rating to an equal weight rating and set a $63.00 price target on the stock. in a report on Tuesday, February 13th. Finally, Janney Montgomery Scott cut shares of Eversource Energy from a buy rating to a neutral rating in a report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Eversource Energy presently has an average rating of Hold and an average target price of $63.63.
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Eversource Energy Company Profile
Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, Massachusetts, and New Hampshire and the regulated electric generation businesses.
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