Earnings and Growth Analysis : Sempra Energy (NYSE:SRE)


Earnings results for Sempra Energy (NYSE:SRE)

Sempra Energy is expected* to report earnings on 11/05/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.47. The reported EPS for the same quarter last year was $1.5.

Sempra Energy last issued its quarterly earnings results on August 5th, 2020. The utilities provider reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by $0.01. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.54 billion. Its revenue for the quarter was up 13.3% on a year-over-year basis. Sempra Energy has generated $6.78 earnings per share over the last year and currently has a price-to-earnings ratio of 8.8. Sempra Energy has confirmed that its next quarterly earnings report will be published on Thursday, November 5th, 2020.

Analyst Opinion on Sempra Energy (NYSE:SRE)

16 Wall Street analysts have issued ratings and price targets for Sempra Energy in the last 12 months. Their average twelve-month price target is $144.00, predicting that the stock has a possible upside of 12.12%. The high price target for SRE is $173.00 and the low price target for SRE is $119.00. There are currently 7 hold ratings, 8 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of “Buy.”

Sempra Energy has received a consensus rating of Buy. The company’s average rating score is 2.63, and is based on 8 buy ratings, 7 hold ratings, and no sell ratings. According to analysts’ consensus price target of $144.00, Sempra Energy has a forecasted upside of 12.1% from its current price of $128.43. Sempra Energy has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: Sempra Energy (NYSE:SRE)

Sempra Energy pays a meaningful dividend of 3.24%, higher than the bottom 25% of all stocks that pay dividends. Sempra Energy has been increasing its dividend for 9 years. The dividend payout ratio of Sempra Energy is 61.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Sempra Energy will have a dividend payout ratio of 52.51% next year. This indicates that Sempra Energy will be able to sustain or increase its dividend.

Insiders buying/selling: Sempra Energy (NYSE:SRE)

In the past three months, Sempra Energy insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $981,768.00 in company stock and sold $0.00 in company stock. Only 0.09% of the stock of Sempra Energy is held by insiders. 84.97% of the stock of Sempra Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Sempra Energy (NYSE:SRE

Earnings for Sempra Energy are expected to grow by 3.65% in the coming year, from $7.68 to $7.96 per share. The P/E ratio of Sempra Energy is 8.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.26. The P/E ratio of Sempra Energy is 8.84, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 21.18. Sempra Energy has a PEG Ratio of 2.27. PEG Ratios above 1 indicate that a company could be overvalued. Sempra Energy has a P/B Ratio of 1.85. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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