$0.94 Earnings Per Share Expected for Eversource Energy (NYSE:ES) This Quarter

Share on StockTwits

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.

Several research analysts have issued reports on the stock. Guggenheim raised shares of Eversource Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $76.00 to $88.00 in a research report on Wednesday, September 4th. Wells Fargo & Co raised their target price on shares of Eversource Energy from $86.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Morgan Stanley raised their target price on shares of Eversource Energy from $80.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Bank of America set a $78.00 target price on shares of Eversource Energy and gave the stock a “sell” rating in a research note on Monday, July 15th. Finally, UBS Group raised their target price on shares of Eversource Energy from $86.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $81.45.

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?

Get a free copy of the Zacks research report on Eversource Energy (ES)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Eversource Energy (NYSE:ES)

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.



Latest News

Centennial Resource Development Inc  Director Purchases $84,750.00 in Stock
Centennial Resource Development Inc Director Purchases $84,750.00 in Stock
Insider Buying: Teradata Co.  CMO Buys 4,300 Shares of Stock
Insider Buying: Teradata Co. CMO Buys 4,300 Shares of Stock
Isaac Zacharias Sells 4,000 Shares of Shockwave Medical Inc  Stock
Isaac Zacharias Sells 4,000 Shares of Shockwave Medical Inc Stock
Innate Pharma’s  Outperform Rating Reiterated at Svb Leerink
Innate Pharma’s Outperform Rating Reiterated at Svb Leerink
Pundi X NEM  Price Tops $0.0001
Pundi X NEM Price Tops $0.0001
Next.exchange Reaches 24 Hour Trading Volume of $52.00
Next.exchange Reaches 24 Hour Trading Volume of $52.00


© 2006-2019 Ticker Report