FirstEnergy (FE) Set to Announce Quarterly Earnings on Monday

FirstEnergy (NYSE:FE) will announce its earnings results after the market closes on Monday, April 23rd. Analysts expect the company to announce earnings of $0.65 per share for the quarter.

FirstEnergy (NYSE:FE) last released its earnings results on Tuesday, February 20th. The utilities provider reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.54 billion. FirstEnergy had a positive return on equity of 24.02% and a negative net margin of 12.30%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS. On average, analysts expect FirstEnergy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

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NYSE FE opened at $34.44 on Friday. The company has a market cap of $16,583.81, a PE ratio of 11.22, a P/E/G ratio of 14.69 and a beta of 0.26. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.65 and a current ratio of 0.76. FirstEnergy has a fifty-two week low of $27.93 and a fifty-two week high of $35.52.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 7th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, May 4th. FirstEnergy’s dividend payout ratio is currently 46.91%.

Several brokerages have commented on FE. Morgan Stanley upped their price objective on FirstEnergy from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, April 16th. UBS began coverage on FirstEnergy in a research report on Friday, February 2nd. They issued a “buy” rating and a $39.00 price objective on the stock. Citigroup cut their price objective on FirstEnergy from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 30th. Mizuho reaffirmed a “hold” rating and issued a $32.00 price objective on shares of FirstEnergy in a research report on Tuesday, January 30th. Finally, Wolfe Research raised FirstEnergy from a “peer perform” rating to an “outperform” rating in a research report on Monday, January 29th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $35.54.

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FirstEnergy Company Profile

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates coal-fired, nuclear, hydroelectric, oil and natural gas, wind, and solar power generating facilities.

Earnings History for FirstEnergy (NYSE:FE)

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