Eversource Energy (NYSE:ES) posted its 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. Eversource Energy had a net margin of 13.52% and a return on equity of 9.16%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.04 billion. Eversource Energy updated its FY 2020
After-Hours guidance to 3.60-3.70 EPS.
Shares of ES traded down $0.51 during mid-day trading on Friday, reaching $90.07. The company’s stock had a trading volume of 2,588,731 shares, compared to its average volume of 1,247,382. The business has a fifty day moving average of $85.52 and a 200 day moving average of $85.68. The company has a market cap of $30.30 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth 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. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 1.05.
Several analysts recently commented on the company. 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 report on Tuesday, July 21st. Credit Suisse Group lowered Eversource Energy from a “neutral” rating to an “underperform” rating and increased their price target for the company from $76.00 to $81.00 in a research note on Monday, July 20th. They noted that the move was a valuation call. Seaport Global Securities assumed coverage on Eversource Energy in a research note on Wednesday, May 20th. They set a “buy” rating and a $88.00 price target for the company. UBS Group increased their price target 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 raised Eversource Energy from a “neutral” rating to a “buy” rating and set a $97.00 price target for the company in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $90.40.
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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