FirstEnergy (FE) Scheduled to Post Quarterly Earnings on Tuesday

FirstEnergy (NYSE:FE) will announce its earnings results after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

FirstEnergy (NYSE:FE) last announced its quarterly earnings results on Tuesday, February 19th. The utilities provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.67 billion. FirstEnergy had a net margin of 10.41% and a return on equity of 21.13%. During the same quarter last year, the company posted $0.71 earnings per share. On average, analysts expect FirstEnergy to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of FE stock opened at $40.50 on Monday. The firm has a market capitalization of $21.52 billion, a price-to-earnings ratio of 15.64 and a beta of 0.30. The company has a quick ratio of 0.46, a current ratio of 0.52 and a debt-to-equity ratio of 2.63. FirstEnergy has a one year low of $32.92 and a one year high of $42.13.

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Monday, May 6th. FirstEnergy’s dividend payout ratio is currently 58.69%.

A number of brokerages have commented on FE. Zacks Investment Research cut shares of FirstEnergy from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. Bank of America increased their price target on shares of FirstEnergy from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. FirstEnergy has an average rating of “Buy” and an average price target of $42.86.

In other news, EVP Leila L. Vespoli sold 24,400 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $41.33, for a total value of $1,008,452.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.32% of the company’s stock.

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About FirstEnergy

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

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Earnings History for FirstEnergy (NYSE:FE)

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