Stock News Summary: Sempra Energy (NYSE: SRE)

On Friday, Sempra Energy (NYSE: SRE) changed -0.14% to recent value of $146.6. The stock transacted 932977 shares during most recent day however it has an average volume of 1536.49K shares. It spotted trading -1.54% off 52-week high price. On the other end, the stock has been noted 39.78% away from the low price over the last 52-weeks.

Sempra Energy (SRE) recently stated third-quarter 2019 earnings of $813M, or $2.84 per diluted share, up from $274M, or $0.99 per diluted share, in the third quarter 2018. On an adjusted basis, the company’s third-quarter 2019 earnings were $425M, or $1.50 per diluted share, contrast to $339M, or $1.23 per diluted share, in the third quarter 2018.

“At Sempra Energy, we laid out a plan last year to increasingly focus on core markets where we can produce the best results for our stakeholders,” stated Jeffrey W. Martin, chairman and CEO of Sempra Energy. “With our recently reported contracts to sell our South American businesses, it reflects our ongoing commitment to simplify our strategy. Our year-to-date financial results are a product of that more focused strategy, and the hard work and dedication of all of our employees.”

EARNINGS GUIDANCE

On a GAAP basis, the company’s earnings-per-ordinary-share (EPS) guidance range for full-year 2019 is $6.50 to $7.00. Sempra Energy recently raised its 2019 adjusted EPS guidance from a range of $5.70 to $6.30 to a range of $6.00 to $6.50. The company also issued its full-year 2020 GAAP EPS guidance range of $12.78 to $14.26 and affirmed its full-year 2020 adjusted EPS guidance range of $6.70 to $7.50.

SRE has a gross margin of 97.40% and an operating margin of 32.40% while its profit margin remained 22.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained -23.30% for this year while earning per share for the next 5-years is expected to reach at 10.05%.  The company has 283.93M of outstanding shares and 281.6M shares were floated in the market. According to the most recent quarter its current ratio was 0.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of 1.40% from the mean of 20 days, 1.28% from mean of 50 days SMA and performed 8.65% from mean of 200 days price. Company’s performance for the week was 0.32%, -0.99% for month and YTD performance remained 35.50%.

 

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