PG&E (NYSE:PCG – Get Free Report) announced its quarterly earnings results on Thursday. The utilities provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02, Briefing.com reports. The firm had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $6.60 billion. PG&E had a net margin of 9.24% and a return on equity of 10.84%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.29 EPS. PG&E updated its FY 2024 guidance to 1.330-1.370 EPS and its FY24 guidance to $1.33-1.37 EPS.
PG&E Stock Down 0.2 %
Shares of PCG traded down $0.04 on Friday, reaching $17.03. The stock had a trading volume of 13,307,107 shares, compared to its average volume of 15,539,710. The firm has a market capitalization of $36.39 billion, a price-to-earnings ratio of 16.29 and a beta of 1.32. The company has a 50-day simple moving average of $16.57 and a 200-day simple moving average of $16.88. PG&E has a 12-month low of $14.71 and a 12-month high of $18.32. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.78 and a current ratio of 0.83.
PG&E Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.23%. PG&E’s dividend payout ratio (DPR) is 3.81%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on PG&E
PG&E Company Profile
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.
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