TotalEnergies (TTE) Expected to Announce Quarterly Earnings on Wednesday

TotalEnergies (NYSE:TTE) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $1.74 per share and revenue of $42.77 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.10). TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. The company had revenue of $52.02 billion during the quarter, compared to analyst estimates of $57.03 billion. During the same quarter last year, the firm earned $2.63 EPS. On average, analysts expect TotalEnergies to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

TotalEnergies Stock Down 1.2 %

TotalEnergies stock opened at $58.01 on Monday. TotalEnergies has a twelve month low of $53.29 and a twelve month high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average of $56.65 and a two-hundred day moving average of $62.82. The stock has a market capitalization of $136.98 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 2.03 and a beta of 0.61.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were paid a $0.8308 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is currently 34.04%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TTE shares. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

About TotalEnergies

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.