Wall Street analysts expect Eversource Energy (NYSE:ES) to report $2.09 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Eversource Energy’s earnings, with the highest sales estimate coming in at $2.11 billion and the lowest estimate coming in at $2.08 billion. Eversource Energy reported sales of $2.03 billion in the same quarter last year, which indicates a positive year over year growth rate of 3%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 19th.
On average, analysts expect that Eversource Energy will report full-year sales of $8.91 billion for the current fiscal year, with estimates ranging from $8.58 billion to $9.67 billion. For the next fiscal year, analysts forecast that the business will post sales of $9.36 billion, with estimates ranging from $8.91 billion to $9.91 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Eversource Energy.
Eversource Energy (NYSE:ES) last posted its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.02. Eversource Energy had a net margin of 10.46% and a return on equity of 9.28%. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The business’s revenue was down 4.2% compared to the same quarter last year.
A number of institutional investors have recently modified their holdings of the business. Paragon Capital Management LLC lifted its position in shares of Eversource Energy by 478.9% during the second quarter. Paragon Capital Management LLC now owns 330 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 273 shares in the last quarter. Krane Funds Advisors LLC acquired a new position in shares of Eversource Energy during the second quarter worth approximately $25,000. Kavar Capital Partners LLC acquired a new position in shares of Eversource Energy during the second quarter worth approximately $30,000. FTB Advisors Inc. lifted its position in shares of Eversource Energy by 614.3% during the second quarter. FTB Advisors Inc. now owns 600 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 516 shares in the last quarter. Finally, CSat Investment Advisory L.P. lifted its position in shares of Eversource Energy by 245.7% during the second quarter. CSat Investment Advisory L.P. now owns 650 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 462 shares in the last quarter. 81.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:ES traded down $0.50 on Monday, hitting $80.85. 1,040,624 shares of the company were exchanged, compared to its average volume of 2,032,021. The firm has a market capitalization of $26.13 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 4.15 and a beta of 0.16. The company’s 50 day moving average price is $82.21 and its two-hundred day moving average price is $80.05. Eversource Energy has a one year low of $62.61 and a one year high of $86.55. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.54 and a current ratio of 0.59.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 2.65%. Eversource Energy’s dividend payout ratio is 65.24%.
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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