Sempra (NYSE:SRE) Releases FY25 Earnings Guidance

Sempra (NYSE:SRE) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.90-5.25 for the period, compared to the consensus estimate of $5.15. Sempra also updated its FY 2024 guidance to 4.600-4.900 EPS.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SRE. Barclays boosted their target price on Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Wells Fargo & Company lifted their price target on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday. BMO Capital Markets raised their target price on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Morgan Stanley upped their target price on shares of Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, Jefferies Financial Group initiated coverage on shares of Sempra in a research report on Thursday, October 24th. They set a “buy” rating and a $98.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.00.

Sempra Price Performance

Shares of SRE stock traded up $1.49 during trading hours on Friday, hitting $91.25. 2,509,931 shares of the company’s stock were exchanged, compared to its average volume of 2,889,986. The firm has a market cap of $57.77 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.82 and a beta of 0.75. The firm has a 50 day moving average of $83.26 and a two-hundred day moving average of $79.00. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.86. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $91.88.

Sempra (NYSE:SRE) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.17). Sempra had a net margin of 22.63% and a return on equity of 8.01%. The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same period in the prior year, the business posted $1.08 EPS. Sempra’s revenue for the quarter was down 16.7% compared to the same quarter last year. Sell-side analysts forecast that Sempra will post 4.77 EPS for the current year.

Sempra Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Thursday, December 5th. Sempra’s dividend payout ratio is currently 54.63%.

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.