In the latest session, Eversource Energy (NYSE: ES) closed at $57.89 down -2.23% from its previous closing price of $59.21. In other words, the price has decreased by -$1.32 from its previous closing price. On the day, 3728848 shares were traded.
Ratios:
For a deeper understanding of Eversource Energy’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.59 and its Current Ratio is at 0.67. In the meantime, Its Debt-to-Equity ratio is 1.90 whereas as Long-Term Debt/Eq ratio is at 1.70.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Mizuho on February 15, 2024, Upgraded its rating to Buy and sets its target price to $62 from $54 previously.
On January 22, 2024, Guggenheim Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $72.
Evercore ISI Downgraded its Outperform to In-line on November 07, 2023, whereas the target price for the stock was revised from $84 to $65.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 01 ’24 when FORRY LINDA DORCENA sold 822 shares for $58.12 per share. The transaction valued at 47,775 led to the insider holds 10,485 shares of the business.
Williams Frederica M sold 2,714 shares of ES for $156,337 on Feb 26 ’24. The Trustee now owns 21,621 shares after completing the transaction at $57.60 per share. On Jan 18 ’24, another insider, VAN FAASEN WILLIAM C, who serves as the Trustee of the company, sold 2,714 shares for $54.50 each. As a result, the insider received 147,913 and left with 19,619 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ES now has a Market Capitalization of 20.24B and an Enterprise Value of 46.94B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.70 while its Price-to-Book (P/B) ratio in mrq is 1.43. Its current Enterprise Value per Revenue stands at 3.94 whereas that against EBITDA is 33.62.
Stock Price History:
Over the past 52 weeks, ES has reached a high of $81.36, while it has fallen to a 52-week low of $52.03. The 50-Day Moving Average of the stock is 56.85, while the 200-Day Moving Average is calculated to be 61.60.
Shares Statistics:
For the past three months, ES has traded an average of 3.13M shares per day and 2.98M over the past ten days. A total of 349.54M shares are outstanding, with a floating share count of 347.57M. Insiders hold about 0.60% of the company’s shares, while institutions hold 81.67% stake in the company. Shares short for ES as of Feb 29, 2024 were 5.88M with a Short Ratio of 1.88, compared to 4.35M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.68% and a Short% of Float of 1.69%.
Dividends & Splits
According to the company, the forward annual dividend rate for ES is 2.74, from 2.70 in the trailing year. Against a Trailing Annual Dividend Yield of 4.56%, it implies a Forward Annual Dividend Yield of 4.94%. The stock’s 5-year Average Dividend Yield is 2.98. The current Payout Ratio is 63.03% for ES, which recently paid a dividend on Mar 29, 2024 with an ex-dividend date of Mar 04, 2024. Stock splits for the company last occurred on Apr 30, 2013 when the company split stock in a 2:1 ratio.
Earnings Estimates
There are 11 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.51 for the current quarter, with a high estimate of $1.75 and a low estimate of $1.4, while EPS last year was $1.41. The consensus estimate for the next quarter is $0.97, with high estimates of $1.08 and low estimates of $0.67.
Analysts are recommending an EPS of between $4.62 and $4.41 for the fiscal current year, implying an average EPS of $4.54. EPS for the following year is $4.77, with 14 analysts recommending between $4.87 and $4.61.
Revenue Estimates
A total of 3 analysts believe the company’s revenue will be $3.84B this quarter.It ranges from a high estimate of $4.16B to a low estimate of $3.63B. As of the current estimate, Eversource Energy’s year-ago sales were $3.22B, an estimated increase of 19.00% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $2.75B, a decrease of -6.40% less than the figure of $19.00% in the same quarter last year. There is a high estimate of $3.12B for the next quarter, whereas the lowest estimate is $2.19B.
A total of 10 analysts have provided revenue estimates for ES’s current fiscal year. The highest revenue estimate was $14.27B, while the lowest revenue estimate was $11.41B, resulting in an average revenue estimate of $13.15B. In the same quarter a year ago, actual revenue was $11.91B, up 10.40% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $13.54B in the next fiscal year. The high estimate is $14.77B and the low estimate is $12.11B. The average revenue growth estimate for next year is up 3.00% from the average revenue estimate for this year.
