Stock Update (NYSE:SRE): Sempra Energy To Report First-Quarter 2016 Earnings May 4

[PR Newswire] – SAN DIEGO, April 20, 2016 /PRNewswire/ — Sempra Energy (NYSE: SRE) plans to announce its first-quarter 2016 earnings at 9 a.m. EDT, May 4. Sempra Energy executives will conduct a conference call at … Read more on this. Sempra Energy (SRE) , with a current value of $26.01B, opened this morning at $104.46. Looking at the stock, its one day range is $103.87 to $105.46 with a trailing 52-week range being $86.72 to $110.31. SRE shares are currently priced at 20.88x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.21x forward p/e ratio. And for dividend hunters, the company pays shareholders $3.02 per share annually in dividends, yielding 2.89%. In a review of the consensus earnings estimate this quarter, 9 sell-side analysts are looking at $1.66 per share, which would be $0.05 worse than the year-ago quarter and a $0.22 sequential decrease. The full-year EPS estimate is $4.99 which would be a $0.22 setback than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.05 Billion. If reported, that would be a 13.81% increase over the year-ago quarter. 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 by the analysts covering the stock is $114.33, which is 9.45% above where the stock opened this morning. See more in (NYSE:SRE) Similar Articles: Company Update: Sempra Energy (NYSE:SRE) – SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Sempra Energy of Commencement of Class Action Lawsuit and a Lead Plaintiff Deadline of May 2, 2016 – SRE Company Update: Sempra Energy (NYSE:SRE) – INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Sempra Energy of Class Action Lawsuit and a Lead Plaintiff Deadline of May 2, 2016 — SRE Company Update (NYSE:SRE): Sempra Energy To Report Fourth-Quarter 2015 Earnings Feb. 26