Eversource Energy (ES) to Release Quarterly Earnings on Tuesday

Eversource Energy (NYSE:ES) is anticipated to announce its earnings results after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $1.00 per share and revenue of $3.14 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.06 billion. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share. On average, analysts expect Eversource Energy to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Eversource Energy Stock Up 1.5 %

Eversource Energy stock opened at $58.52 on Tuesday. The firm’s 50 day moving average price is $58.55 and its two-hundred day moving average price is $62.85. The firm has a market cap of $21.44 billion, a PE ratio of -37.28, a P/E/G ratio of 2.20 and a beta of 0.62. Eversource Energy has a twelve month low of $52.71 and a twelve month high of $69.01. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.76 and a current ratio of 0.86.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 4th will be paid a $0.7525 dividend. This represents a $3.01 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend is Tuesday, March 4th. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s payout ratio is presently -182.17%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ES. Jefferies Financial Group lowered their price objective on Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a report on Tuesday, January 28th. StockNews.com raised Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. Barclays decreased their target price on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Scotiabank cut Eversource Energy from a “sector perform” rating to a “sector underperform” rating and reduced their price objective for the company from $66.00 to $56.00 in a research report on Thursday, December 12th. Finally, BMO Capital Markets reduced their price target on shares of Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Eversource Energy presently has a consensus rating of “Hold” and a consensus target price of $67.42.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.