Eversource Energy (ES) to Release Quarterly Earnings on Tuesday

Eversource Energy (NYSE:ES) is expected to be announcing 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. Investors that are interested in participating in the company’s conference call can do so using this link.

Eversource Energy (NYSE:ES) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate 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 quarter last 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 Price Performance

Shares of NYSE:ES opened at $58.52 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. The company has a market cap of $21.44 billion, a P/E ratio of -37.28, a PEG ratio of 2.20 and a beta of 0.62. Eversource Energy has a 52 week low of $52.71 and a 52 week high of $69.01. The company has a 50-day moving average price of $58.55 and a 200 day moving average price of $62.85.

Eversource Energy Increases Dividend

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

Analyst Ratings Changes

ES has been the subject of a number of research reports. 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 research report on Tuesday, October 15th. Jefferies Financial Group reduced their price target on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research report on Tuesday, January 28th. StockNews.com upgraded shares of Eversource Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 21st. Scotiabank downgraded shares of Eversource Energy from a “sector perform” rating to a “sector underperform” rating and reduced their price target for the company from $66.00 to $56.00 in a research report on Thursday, December 12th. Finally, Barclays cut their price objective on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.