Analysts expect that Eversource Energy (NYSE:ES) will announce earnings of $0.94 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Eversource Energy’s earnings, with the lowest EPS estimate coming in at $0.93 and the highest estimate coming in at $0.94. Eversource Energy reported earnings of $0.93 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.1%. The company is expected to issue its next quarterly earnings report on Tuesday, November 5th.
According to Zacks, analysts expect that Eversource Energy will report full year earnings of $3.44 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.47. For the next fiscal year, analysts forecast that the business will report earnings of $3.65 per share, with EPS estimates ranging from $3.59 to $3.69. Zacks’ EPS averages are an average based on a survey of research firms that follow Eversource Energy.
Eversource Energy (NYSE:ES) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.01. Eversource Energy had a net margin of 10.00% and a return on equity of 9.24%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the firm posted $0.76 EPS. Eversource Energy’s revenue for the quarter was up 1.7% on a year-over-year basis.
In related news, CFO Philip J. Lembo sold 1,256 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $79.61, for a total value of $99,990.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gregory B. Butler sold 8,298 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $77.30, for a total transaction of $641,435.40. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Krane Funds Advisors LLC acquired a new stake in shares of Eversource Energy in the second quarter valued at about $25,000. Paragon Capital Management LLC lifted its stake in shares of Eversource Energy by 478.9% in the second quarter. Paragon Capital Management LLC now owns 330 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 273 shares during the period. Kavar Capital Partners LLC acquired a new stake in shares of Eversource Energy in the second quarter valued at about $30,000. Hexavest Inc. acquired a new stake in shares of Eversource Energy in the second quarter valued at about $42,000. Finally, FTB Advisors Inc. lifted its stake in shares of Eversource Energy by 614.3% in the second quarter. FTB Advisors Inc. now owns 600 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 516 shares during the period. Hedge funds and other institutional investors own 78.53% of the company’s stock.
Shares of Eversource Energy stock opened at $85.86 on Wednesday. Eversource Energy has a 1 year low of $61.57 and a 1 year high of $86.54. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.56 and a current ratio of 0.61. The company has a market capitalization of $27.70 billion, a P/E ratio of 26.18, a PEG ratio of 4.43 and a beta of 0.20. The company’s fifty day moving average is $84.07 and its two-hundred day moving average is $77.42.
The company also recently announced a — dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were paid a $0.535 dividend. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, September 19th. Eversource Energy’s dividend payout ratio (DPR) is presently 65.24%.
About Eversource Energy
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
Featured Article: What are the benefits of a balanced fund?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.