Analysts forecast that Exelon Co. (NYSE:EXC) will announce earnings per share (EPS) of $0.78 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Exelon’s earnings, with estimates ranging from $0.72 to $0.87. Exelon reported earnings of $0.58 per share in the same quarter last year, which indicates a positive year over year growth rate of 34.5%. The business is expected to issue its next quarterly earnings report on Friday, February 14th.
According to Zacks, analysts expect that Exelon will report full year earnings of $3.15 per share for the current fiscal year, with EPS estimates ranging from $3.10 to $3.27. For the next financial year, analysts anticipate that the firm will post earnings of $3.12 per share, with EPS estimates ranging from $3.02 to $3.24. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Exelon.
Exelon (NYSE:EXC) last posted its earnings results on Thursday, October 31st. The energy giant reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Exelon had a net margin of 6.43% and a return on equity of 8.47%. The firm had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $8.70 billion. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis.
EXC has been the subject of several analyst reports. SunTrust Banks lowered their price target on shares of Exelon to $46.00 and set a “hold” rating for the company in a report on Friday, October 18th. Mizuho cut their target price on Exelon from $49.00 to $47.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 16th. Wells Fargo & Co set a $54.00 target price on Exelon and gave the stock a “buy” rating in a report on Friday, November 1st. Wolfe Research set a $55.00 price target on Exelon and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Morgan Stanley raised shares of Exelon from an “equal weight” rating to an “overweight” rating in a research report on Friday, September 6th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $52.00.
Exelon stock opened at $45.45 on Friday. The business has a 50 day moving average of $44.68 and a 200-day moving average of $46.76. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.77. Exelon has a 1 year low of $43.10 and a 1 year high of $51.18. The company has a market capitalization of $44.18 billion, a P/E ratio of 14.57, a P/E/G ratio of 4.50 and a beta of 0.26.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a $0.3625 dividend. This represents a $1.45 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Thursday, November 14th. Exelon’s dividend payout ratio (DPR) is presently 46.47%.
Large investors have recently made changes to their positions in the stock. Asset Dedication LLC increased its position in shares of Exelon by 117.6% during the third quarter. Asset Dedication LLC now owns 555 shares of the energy giant’s stock valued at $27,000 after acquiring an additional 300 shares during the last quarter. Atwater Malick LLC purchased a new position in Exelon in the third quarter worth $27,000. Kempen Capital Management N.V. bought a new position in Exelon in the 2nd quarter valued at $27,000. Quantamental Technologies LLC bought a new position in Exelon in the 2nd quarter valued at $29,000. Finally, Resources Investment Advisors LLC. increased its position in shares of Exelon by 167.5% during the 2nd quarter. Resources Investment Advisors LLC. now owns 634 shares of the energy giant’s stock valued at $30,000 after purchasing an additional 397 shares during the last quarter. 78.99% of the stock is currently owned by institutional investors.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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