$3.22 Billion in Sales Expected for Sempra Energy (NYSE:SRE) This Quarter

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Equities analysts forecast that Sempra Energy (NYSE:SRE) will post sales of $3.22 billion for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Sempra Energy’s earnings. The lowest sales estimate is $3.04 billion and the highest is $3.40 billion. Sempra Energy also posted sales of $3.22 billion during the same quarter last year. The company is expected to announce its next quarterly earnings report on Tuesday, February 25th.

According to Zacks, analysts expect that Sempra Energy will report full year sales of $11.31 billion for the current fiscal year, with estimates ranging from $10.93 billion to $11.62 billion. For the next fiscal year, analysts expect that the firm will post sales of $11.78 billion, with estimates ranging from $11.38 billion to $12.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Sempra Energy.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $1.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.01. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.93 billion. Sempra Energy had a net margin of 23.55% and a return on equity of 10.12%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.23 EPS.

Several analysts have recently commented on the stock. Evercore ISI reaffirmed a “buy” rating and set a $160.00 price target on shares of Sempra Energy in a research report on Wednesday. Wells Fargo & Co lifted their price target on shares of Sempra Energy from $153.00 to $161.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Peel Hunt reaffirmed a “buy” rating on shares of Sempra Energy in a research report on Tuesday, October 22nd. Morgan Stanley lifted their price target on shares of Sempra Energy from $152.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Sempra Energy from $136.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $151.27.

SRE stock opened at $146.85 on Thursday. The firm has a market cap of $40.06 billion, a PE ratio of 26.36, a PEG ratio of 3.08 and a beta of 0.41. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.36 and a current ratio of 0.39. The firm’s 50 day moving average price is $145.08 and its 200-day moving average price is $138.76. Sempra Energy has a one year low of $104.88 and a one year high of $148.90.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 20th were issued a $0.9675 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.87 annualized dividend and a yield of 2.64%. Sempra Energy’s dividend payout ratio (DPR) is presently 69.48%.

In related news, COO Joseph A. Householder sold 14,304 shares of Sempra Energy stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $143.21, for a total value of $2,048,475.84. Following the completion of the sale, the chief operating officer now owns 45,991 shares in the company, valued at approximately $6,586,371.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of SRE. Krane Funds Advisors LLC acquired a new position in shares of Sempra Energy in the second quarter worth $25,000. River & Mercantile Asset Management LLP acquired a new position in shares of Sempra Energy in the second quarter worth $27,000. Garrett Wealth Advisory Group LLC acquired a new position in shares of Sempra Energy in the third quarter worth $31,000. Westside Investment Management Inc. acquired a new position in shares of Sempra Energy in the second quarter worth $41,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Sempra Energy in the second quarter worth $47,000. Hedge funds and other institutional investors own 90.34% of the company’s stock.

About Sempra Energy

Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas.

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