Eversource Energy (ES) Earning Somewhat Positive News Coverage, Report Finds
Media stories about Eversource Energy (NYSE:ES) have trended somewhat positive on Friday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Eversource Energy earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 46.5741747164616 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Eversource Energy (ES) traded up $0.68 during trading on Friday, reaching $58.26. 3,854,465 shares of the company’s stock were exchanged, compared to its average volume of 2,757,797. Eversource Energy has a 1 year low of $55.93 and a 1 year high of $66.15. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.63. The firm has a market capitalization of $18,122.70, a price-to-earnings ratio of 18.73, a P/E/G ratio of 3.05 and a beta of 0.37.
Eversource Energy (NYSE:ES) last issued its earnings results on Thursday, February 22nd. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.01). Eversource Energy had a net margin of 12.74% and a return on equity of 9.03%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business earned $0.72 EPS. The business’s quarterly revenue was up 6.7% on a year-over-year basis. research analysts expect that Eversource Energy will post 3.26 earnings per share for the current year.
Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Eversource Energy from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Monday, January 8th. Janney Montgomery Scott lowered shares of Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Friday, February 2nd. Evercore ISI initiated coverage on shares of Eversource Energy in a research report on Thursday, March 8th. They set an “outperform” rating and a $62.00 price target on the stock. Morgan Stanley lowered shares of Eversource Energy from an “overweight” rating to an “equal weight” rating and set a $63.00 target price on the stock. in a research report on Tuesday, February 13th. Finally, Wells Fargo restated an “outperform” rating and issued a $65.00 target price (down previously from $72.00) on shares of Eversource Energy in a research report on Monday, February 26th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $62.82.
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About Eversource Energy
Eversource Energy is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, Massachusetts, and New Hampshire and the regulated electric generation businesses.
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