Wall Street analysts predict that Eversource Energy (NYSE:ES – Get Rating) will announce sales of $2.26 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Eversource Energy’s earnings, with the lowest sales estimate coming in at $2.06 billion and the highest estimate coming in at $2.52 billion. Eversource Energy posted sales of $2.12 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.6%. The firm is scheduled to report its next earnings results on Monday, January 1st.
On average, analysts expect that Eversource Energy will report full year sales of $10.43 billion for the current fiscal year, with estimates ranging from $9.98 billion to $11.04 billion. For the next financial year, analysts expect that the firm will report sales of $10.78 billion, with estimates ranging from $10.24 billion to $11.60 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Eversource Energy.
Eversource Energy (NYSE:ES – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The utilities provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.08. Eversource Energy had a net margin of 12.32% and a return on equity of 9.58%. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the prior year, the business earned $1.15 earnings per share. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis.
Shares of NYSE:ES traded down $0.37 during trading on Friday, hitting $88.92. 1,844,925 shares of the stock were exchanged, compared to its average volume of 1,896,815. The company has a market capitalization of $30.67 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 3.55 and a beta of 0.42. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.51 and a current ratio of 0.56. Eversource Energy has a 1-year low of $78.44 and a 1-year high of $94.63. The company’s fifty day simple moving average is $88.43 and its 200-day simple moving average is $86.79.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, May 19th will be given a $0.6375 dividend. The ex-dividend date of this dividend is Wednesday, May 18th. This represents a $2.55 annualized dividend and a yield of 2.87%. Eversource Energy’s payout ratio is 67.82%.
In related news, VP Jay S. Buth sold 725 shares of the business’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $82.97, for a total value of $60,153.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frederica M. Williams sold 1,859 shares of Eversource Energy stock in a transaction on Monday, May 9th. The shares were sold at an average price of $90.84, for a total value of $168,871.56. Following the completion of the sale, the insider now directly owns 20,286 shares of the company’s stock, valued at $1,842,780.24. The disclosure for this sale can be found here. In the last three months, insiders sold 10,374 shares of company stock worth $902,881. Insiders own 0.38% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Vestmark Advisory Solutions Inc. grew its position in shares of Eversource Energy by 3.5% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 3,380 shares of the utilities provider’s stock worth $298,000 after buying an additional 113 shares during the period. Veritable L.P. grew its holdings in Eversource Energy by 1.5% during the 1st quarter. Veritable L.P. now owns 7,956 shares of the utilities provider’s stock worth $702,000 after acquiring an additional 118 shares during the period. Parcion Private Wealth LLC raised its position in shares of Eversource Energy by 4.3% during the 3rd quarter. Parcion Private Wealth LLC now owns 3,090 shares of the utilities provider’s stock valued at $266,000 after acquiring an additional 126 shares during the last quarter. FineMark National Bank & Trust lifted its stake in shares of Eversource Energy by 2.9% in the 3rd quarter. FineMark National Bank & Trust now owns 4,626 shares of the utilities provider’s stock valued at $378,000 after purchasing an additional 130 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Eversource Energy by 13.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,103 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.
Eversource Energy Company Profile (Get Rating)
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.
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