Analysts predict that Eversource Energy (NYSE:ES) will announce earnings of $0.80 per share for the current quarter, according to Zacks. Two analysts have made estimates for Eversource Energy’s earnings. The highest EPS estimate is $0.83 and the lowest is $0.78. Eversource Energy posted earnings per share of $0.73 in the same quarter last year, which indicates a positive year-over-year growth rate of 9.6%. The business is scheduled to announce its next earnings results on Wednesday, February 19th.
According to Zacks, analysts expect that Eversource Energy will report full year earnings of $3.46 per share for the current year, with EPS estimates ranging from $3.45 to $3.47. For the next financial year, analysts expect that the business will report earnings of $3.65 per share, with EPS estimates ranging from $3.58 to $3.69. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Eversource Energy.
Eversource Energy (NYSE:ES) last issued its earnings results on Tuesday, November 5th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Eversource Energy had a net margin of 10.46% and a return on equity of 9.28%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 EPS.
Large investors have recently made changes to their positions in the stock. Mason Street Advisors LLC grew its position in Eversource Energy by 0.7% in the third quarter. Mason Street Advisors LLC now owns 46,103 shares of the utilities provider’s stock worth $3,940,000 after acquiring an additional 309 shares in the last quarter. Acadian Asset Management LLC grew its position in Eversource Energy by 42.0% in the second quarter. Acadian Asset Management LLC now owns 44,174 shares of the utilities provider’s stock worth $3,347,000 after acquiring an additional 13,074 shares in the last quarter. Tiedemann Advisors LLC grew its position in Eversource Energy by 3.4% in the third quarter. Tiedemann Advisors LLC now owns 59,298 shares of the utilities provider’s stock worth $5,068,000 after acquiring an additional 1,938 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Eversource Energy by 1.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,597,047 shares of the utilities provider’s stock worth $136,499,000 after acquiring an additional 23,888 shares in the last quarter. Finally, APG Asset Management N.V. grew its position in Eversource Energy by 13.5% in the second quarter. APG Asset Management N.V. now owns 1,357,503 shares of the utilities provider’s stock worth $90,309,000 after acquiring an additional 161,400 shares in the last quarter. Institutional investors own 81.58% of the company’s stock.
Shares of ES traded down $0.96 during mid-day trading on Friday, reaching $81.20. 2,115,702 shares of the stock traded hands, compared to its average volume of 1,710,276. The firm has a fifty day moving average price of $82.67 and a 200 day moving average price of $79.87. The company has a market cap of $26.29 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 4.25 and a beta of 0.16. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 1.11. Eversource Energy has a 1 year low of $62.61 and a 1 year high of $86.55.
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.
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