Stock Update (NYSE:SRE): Sempra Energy Earnings Rise In 2015

[PR Newswire] – SAN DIEGO, Feb. 26, 2016 /PRNewswire/ — Sempra Energy (NYSE: SRE) today reported 2015 earnings of $1.35 billion, or $5.37 per diluted share, up from $1.16 billion, or $4.63 per diluted share, in 2014. … Read more on this. Sempra Energy (SRE) , currently valued at $24.00B, opened at $98.07. During the trading session, SRE traded between $96.00 to $98.07 with the price of the stock fluctuating between $86.72 to $112.90 over the last 52 weeks. SRE shares are currently priced at 19.15x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 15.16x earnings multiple. The company pays shareholders $3.02 per share annually in dividends, yielding 3.06%. Consensus earnings for the current quarter by the 10 sell-side analysts covering the stock is an estimate of $1.32 per share, which would be $0.09 better than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $5.06 is a $0.35 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.81 Billion. If reported, that would be a 38.55% increase over the year-ago quarter. More recently, UBS Initiated SRE at Buy (Apr 14, 2014). Previously, Barclays upgraded SRE from Equal Weight to Overweight. The average price target for SRE shares is $116.90, which is 19.20% above where the stock opened this morning. See more in (NYSE:SRE) Similar Articles: Company Update (NYSE:SRE): Sempra Energy To Report Fourth-Quarter 2015 Earnings Feb. 26 Company Update (NYSE:SRE): Sempra Energy To Report Third-Quarter 2015 Earnings Nov. 3 Stock Update: Sempra Energy (NYSE:SRE) – Sempra Energy Named To Dow Jones Sustainability Indices