Eversource Energy (NYSE:ES) updated its FY 2020
After-Hours earnings guidance on Thursday. The company provided EPS guidance of 3.60-3.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.64.

Several research firms have weighed in on ES. Credit Suisse Group downgraded Eversource Energy from a neutral rating to an underperform rating and boosted 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. Morgan Stanley lifted their target price on Eversource Energy from $77.00 to $80.00 and gave the stock an underweight rating in a report on Friday, July 17th. UBS Group increased their price target on shares of Eversource Energy from $82.00 to $90.00 and gave the stock a neutral rating in a report on Friday, June 5th. Zacks Investment Research raised shares of Eversource Energy from a hold rating to a buy rating and set a $96.00 price target for the company in a research report on Monday, April 13th. Finally, Janney Montgomery Scott raised shares of Eversource Energy from a neutral rating to a buy rating and set a $97.00 price objective on the stock in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $90.40.

ES traded down $0.51 during midday trading on Friday, hitting $90.07. 2,588,731 shares of the company were exchanged, compared to its average volume of 1,247,382. The company’s 50 day simple moving average is $85.52 and its 200 day simple moving average is $85.68. The firm has a market capitalization of $30.30 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 4.06 and a beta of 0.34. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 1.05. Eversource Energy has a 1-year low of $60.69 and a 1-year high of $99.42.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.01). The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Eversource Energy had a net margin of 13.52% and a return on equity of 9.16%. On average, equities analysts anticipate that Eversource Energy will post 3.62 EPS for the current year.

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.

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Earnings History and Estimates for Eversource Energy (NYSE:ES)

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