Public Service (PEG) Scheduled to Post Quarterly Earnings on Monday

Public Service (NYSE:PEG) will be announcing its earnings results before the market opens on Monday, April 30th. Analysts expect the company to announce earnings of $0.92 per share for the quarter. Public Service has set its FY18 guidance at $3.00-3.20 EPS.

Public Service (NYSE:PEG) last issued its quarterly earnings data on Friday, February 23rd. The utilities provider reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Public Service had a return on equity of 11.25% and a net margin of 17.33%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. On average, analysts expect Public Service to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

How to Become a New Pot Stock Millionaire

Shares of NYSE PEG opened at $49.51 on Monday. Public Service has a 12 month low of $41.67 and a 12 month high of $53.28. The company has a quick ratio of 0.59, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. The stock has a market cap of $24,990.90, a PE ratio of 16.90, a price-to-earnings-growth ratio of 3.63 and a beta of 0.39.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 8th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Thursday, June 7th. Public Service’s dividend payout ratio is currently 61.43%.

Several brokerages have issued reports on PEG. JPMorgan Chase upped their target price on Public Service from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 10th. UBS began coverage on Public Service in a research note on Friday, February 2nd. They issued a “neutral” rating and a $52.00 target price for the company. Bank of America raised Public Service from a “neutral” rating to a “buy” rating in a research note on Monday, April 16th. Morgan Stanley upped their target price on Public Service from $53.00 to $54.00 and gave the stock an “overweight” rating in a research note on Thursday, March 8th. Finally, Mizuho reaffirmed a “hold” rating and issued a $47.00 target price on shares of Public Service in a research note on Friday, March 2nd. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $51.61.

In other news, EVP Tamara Louise Linde sold 16,400 shares of the stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $50.36, for a total transaction of $825,904.00. Following the completion of the sale, the executive vice president now owns 51,604 shares of the company’s stock, valued at $2,598,777.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Ralph Izzo sold 20,833 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $48.36, for a total value of $1,007,483.88. Following the sale, the chairman now directly owns 652,180 shares of the company’s stock, valued at approximately $31,539,424.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,899 shares of company stock valued at $3,935,438. Insiders own 0.58% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by Week Herald and is the sole property of of Week Herald. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at

About Public Service

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid- Atlantic United States. It operates through two segments, PSE&G and Power. The PSE&G segment transmits electricity; and distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs to customers.

Earnings History for Public Service (NYSE:PEG)

Receive News & Ratings for Public Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Service and related companies with's FREE daily email newsletter.

Leave a Reply