Sempra (NYSE:SRE) Issues FY25 Earnings Guidance

Sempra (NYSE:SRE) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $4.90-5.25 for the period, compared to the consensus earnings per share estimate of $5.16. Sempra also updated its FY24 guidance to $4.60-4.90 EPS.

Sempra Stock Up 0.3 %

NYSE:SRE traded up $0.26 during mid-day trading on Thursday, hitting $75.49. 1,080,950 shares of the company’s stock traded hands, compared to its average volume of 2,952,303. The company has a market capitalization of $47.72 billion, a P/E ratio of 15.71, a P/E/G ratio of 2.52 and a beta of 0.70. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.49 and a current ratio of 0.54. Sempra has a twelve month low of $63.75 and a twelve month high of $78.70. The company has a fifty day moving average of $70.74 and a 200 day moving average of $71.86.

Sempra (NYSE:SRE) last posted its earnings results on Tuesday, May 7th. The utilities provider reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $5.58 billion. Sempra had a net margin of 18.26% and a return on equity of 9.45%. Sempra’s revenue was down 44.5% on a year-over-year basis. During the same quarter last year, the business earned $1.46 earnings per share. On average, analysts forecast that Sempra will post 4.82 EPS for the current year.

Sempra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 21st were paid a $0.62 dividend. This is a boost from Sempra’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.48 annualized dividend and a dividend yield of 3.29%. Sempra’s dividend payout ratio is 51.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SRE shares. Mizuho lowered their price objective on shares of Sempra from $83.00 to $79.00 and set a buy rating for the company in a research report on Thursday, January 25th. Royal Bank of Canada reissued an outperform rating and set a $82.00 target price on shares of Sempra in a research note on Wednesday, March 6th. Wells Fargo & Company boosted their price target on shares of Sempra from $79.00 to $84.00 and gave the stock an overweight rating in a research note on Wednesday. Barclays raised their price objective on shares of Sempra from $77.00 to $79.00 and gave the company an overweight rating in a research note on Thursday, March 14th. Finally, BMO Capital Markets upgraded shares of Sempra from a market perform rating to an outperform rating and increased their target price for the stock from $76.00 to $84.00 in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $82.23.

Insider Transactions at Sempra

In other Sempra news, insider Diana L. Day sold 3,937 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $71.21, for a total value of $280,353.77. Following the transaction, the insider now directly owns 18,145 shares in the company, valued at approximately $1,292,105.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Diana L. Day sold 3,937 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $71.21, for a total value of $280,353.77. Following the completion of the sale, the insider now directly owns 18,145 shares in the company, valued at approximately $1,292,105.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey W. Martin sold 50,703 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $70.92, for a total value of $3,595,856.76. Following the completion of the transaction, the chief executive officer now directly owns 2 shares of the company’s stock, valued at approximately $141.84. The disclosure for this sale can be found here. Insiders have sold 122,432 shares of company stock valued at $8,668,035 in the last quarter. 0.27% of the stock is currently owned by corporate insiders.

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.