Public Service Enterprise Group (PEG) Set to Announce Earnings on Thursday

Public Service Enterprise Group (NYSE:PEG) will release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Public Service Enterprise Group to post earnings of $1.03 per share for the quarter. Public Service Enterprise Group has set its FY19 guidance at $3.15-$3.35 EPS and its FY 2019 guidance at $3.15-3.35 EPS.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Wednesday, February 27th. The utilities provider reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.01. Public Service Enterprise Group had a return on equity of 11.10% and a net margin of 14.83%. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the company posted $0.57 earnings per share. On average, analysts expect Public Service Enterprise Group to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NYSE:PEG opened at $58.70 on Thursday. Public Service Enterprise Group has a twelve month low of $49.22 and a twelve month high of $60.36. The firm has a market capitalization of $29.73 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 2.89 and a beta of 0.41. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.71 and a quick ratio of 0.53.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.20%. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 60.26%.

In related news, COO Ralph A. Larossa sold 1,650 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $58.51, for a total value of $96,541.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Ralph Izzo sold 52,407 shares of the firm’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $54.31, for a total value of $2,846,224.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,405 shares of company stock worth $10,271,259. 0.51% of the stock is owned by company insiders.

A number of brokerages have recently weighed in on PEG. JPMorgan Chase & Co. lowered Public Service Enterprise Group from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $64.00 to $62.00 in a research note on Tuesday. Mizuho raised their target price on Public Service Enterprise Group from $54.00 to $61.50 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Wells Fargo & Co raised their target price on Public Service Enterprise Group from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, February 28th. They noted that the move was a valuation call. Deutsche Bank lowered Public Service Enterprise Group from a “buy” rating to a “hold” rating and set a $58.56 target price for the company. in a research note on Thursday, February 28th. Finally, ValuEngine upgraded Public Service Enterprise Group from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $59.73.

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Public Service Enterprise Group Company Profile

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; 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.

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Earnings History for Public Service Enterprise Group (NYSE:PEG)

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