Analysts Expect Exelon Co. (NYSE:EXC) Will Announce Earnings of $0.86 Per Share

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Brokerages expect Exelon Co. (NYSE:EXC) to report $0.86 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for Exelon’s earnings. The lowest EPS estimate is $0.83 and the highest is $0.88. Exelon posted earnings of $0.92 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 6.5%. The business is expected to issue its next earnings report on Thursday, October 29th.

According to Zacks, analysts expect that Exelon will report full-year earnings of $2.97 per share for the current fiscal year, with EPS estimates ranging from $2.90 to $3.02. For the next fiscal year, analysts expect that the firm will post earnings of $2.95 per share, with EPS estimates ranging from $2.82 to $3.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Exelon.

Exelon (NYSE:EXC) last released its earnings results on Tuesday, August 4th. The energy giant reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.12. The firm had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $6.53 billion. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share.

EXC has been the subject of a number of recent research reports. UBS Group cut their price objective on Exelon from $51.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, June 22nd. Morgan Stanley increased their price objective on Exelon from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, October 5th. Zacks Investment Research upgraded Exelon from a “sell” rating to a “hold” rating and set a $39.00 price objective for the company in a research report on Tuesday, October 6th. Credit Suisse Group reiterated a “buy” rating and set a $46.00 price objective on shares of Exelon in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company cut their price objective on Exelon from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Monday, August 24th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. Exelon has an average rating of “Hold” and a consensus target price of $45.56.

Shares of NYSE:EXC traded up $0.69 on Monday, reaching $42.09. 6,516,543 shares of the company traded hands, compared to its average volume of 6,370,815. Exelon has a fifty-two week low of $29.28 and a fifty-two week high of $50.54. The company’s 50 day moving average is $36.79 and its 200-day moving average is $37.29. The stock has a market capitalization of $41.02 billion, a PE ratio of 13.49, a P/E/G ratio of 4.50 and a beta of 0.26. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.77.

In other news, CEO Carim V. Khouzami sold 6,800 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $38.00, for a total value of $258,400.00. Following the transaction, the chief executive officer now directly owns 8,872 shares of the company’s stock, valued at $337,136. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of EXC. Invesco Ltd. increased its stake in shares of Exelon by 28.6% in the first quarter. Invesco Ltd. now owns 27,350,884 shares of the energy giant’s stock worth $1,006,786,000 after acquiring an additional 6,084,882 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Exelon by 87.0% in the second quarter. Nordea Investment Management AB now owns 6,480,498 shares of the energy giant’s stock worth $232,844,000 after acquiring an additional 3,014,390 shares during the last quarter. Capital International Investors increased its stake in shares of Exelon by 11.7% in the first quarter. Capital International Investors now owns 28,616,439 shares of the energy giant’s stock worth $1,053,371,000 after acquiring an additional 2,986,475 shares during the last quarter. Pendal Group Ltd boosted its holdings in Exelon by 81.5% in the second quarter. Pendal Group Ltd now owns 5,032,394 shares of the energy giant’s stock worth $182,626,000 after purchasing an additional 2,259,698 shares in the last quarter. Finally, State Street Corp boosted its holdings in Exelon by 2.7% in the first quarter. State Street Corp now owns 61,667,122 shares of the energy giant’s stock worth $2,269,967,000 after purchasing an additional 1,606,032 shares in the last quarter. 78.99% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Exelon (NYSE:EXC)

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