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MarketScreener Homepage  >  Equities  >  Nyse  >  Sempra Energy    SRE

SEMPRA ENERGY

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Sempra Energy : Completes Business Exit From South America, Raises EPS Guidance

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06/30/2020 | 05:40pm EDT

By Stephen Nakrosis

Sempra Energy said Tuesday it has completed its business exit from South America, adding its "investments are now focused in top-tier markets in North America."

Sempra also raised its 2020 guidance for earnings per share and adjusted earnings per share.

Sempra said its exit from South America followed "the recently announced sale of its Chilean businesses, which generated approximately $2.23 billion in total cash proceeds, subject to post-closing adjustments."

Trevor Mihalik, the company's executive vice president and chief financial officer, said, "By successfully executing on a broad capital recycling program, the past two years have proven to be transformational for our company and have allowed us to efficiently concentrate our capital program on the most attractive markets in North America."

Also on Tuesday, Sempra said it was raising its full-year 2020 GAAP earnings-per-share guidance range to between $12.38 and $13.32, from $11.88 to $13.02. The company also boosted its adjusted EPS guidance range to between $7.20 and $7.80, from $6.70 to $7.50.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
SEMPRA ENERGY 2.48% 119.17 Delayed Quote.-21.33%
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Financials (USD)
Sales 2020 11 177 M - -
Net income 2020 2 140 M - -
Net Debt 2020 24 169 M - -
P/E ratio 2020 16,0x
Yield 2020 3,51%
Capitalization 34 863 M 34 863 M -
EV / Sales 2019
EV / Sales 2020 5,28x
Nbr of Employees 13 969
Free-Float 99,9%
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Technical analysis trends SEMPRA ENERGY
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 140,47 $
Last Close Price 119,17 $
Spread / Highest target 44,3%
Spread / Average Target 17,9%
Spread / Lowest Target -6,02%
EPS Revisions
Managers
NameTitle
Jeffrey Walker Martin Chairman & Chief Executive Officer
Kevin Christopher Sagara Group Co-President & Executive Vice President
Trevor Ian Mihalik Chief Financial Officer & Executive Vice President
Eric G. Trapp Vice President-Security & Technology
William D. Jones Lead Independent Director
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