Eversource Energy (NYSE:ES) released its quarterly earnings results on Thursday. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.01), Fidelity Earnings reports. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.04 billion. Eversource Energy had a return on equity of 9.16% and a net margin of 13.52%. Eversource Energy updated its FY 2020
After-Hours guidance to 3.60-3.70 EPS.
ES traded down $0.51 during trading on Friday, reaching $90.07. 2,588,731 shares of the stock were exchanged, compared to its average volume of 1,247,382. The business’s 50 day moving average price is $85.52 and its two-hundred day moving average price is $85.68. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.75 and a quick ratio of 0.67. The company has a market capitalization of $30.30 billion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 4.03 and a beta of 0.34. Eversource Energy has a 1 year low of $60.69 and a 1 year high of $99.42.
Several brokerages have weighed in on ES. Seaport Global Securities began coverage on Eversource Energy in a research note on Wednesday, May 20th. They issued a “buy” rating and a $88.00 target price on the stock. KeyCorp lowered their target price on Eversource Energy from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Barclays lowered their target price on Eversource Energy from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Friday, May 22nd. UBS Group lifted their target price on Eversource Energy from $82.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, June 5th. Finally, Janney Montgomery Scott upgraded Eversource Energy from a “neutral” rating to a “buy” rating and set a $97.00 target price on the stock in a research note on Tuesday, May 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $90.40.
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.
See Also: Retained Earnings
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