FirstEnergy (FE) Set to Announce Earnings on Tuesday

FirstEnergy (NYSE:FE) will be releasing its earnings data after the market closes on Tuesday, July 23rd. Analysts expect FirstEnergy to post earnings of $0.61 per share for the quarter.

FirstEnergy (NYSE:FE) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). FirstEnergy had a return on equity of 21.90% and a net margin of 2.63%. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the prior year, the company earned $0.67 EPS. The firm’s revenue was up .0% compared to the same quarter last year. On average, analysts expect FirstEnergy to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NYSE:FE opened at $43.49 on Monday. FirstEnergy has a 12 month low of $34.30 and a 12 month high of $44.20. The stock’s 50-day moving average is $43.20. The company has a current ratio of 0.54, a quick ratio of 0.47 and a debt-to-equity ratio of 2.72. The company has a market cap of $23.11 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 2.87 and a beta of 0.30.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Tuesday, August 6th. FirstEnergy’s dividend payout ratio is currently 58.69%.

In other FirstEnergy news, Director Christopher D. Pappas bought 3,000 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were bought at an average cost of $41.14 per share, for a total transaction of $123,420.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.32% of the company’s stock.

A number of brokerages have commented on FE. KeyCorp reissued an “overweight” rating and set a $46.00 price objective on shares of FirstEnergy in a report on Wednesday, June 5th. TheStreet lowered shares of Hostess Brands from a “b” rating to a “f” rating in a report on Thursday. Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Morgan Stanley reissued an “underweight” rating and set a C$18.00 price objective on shares of WestJet Airlines in a report on Friday, April 5th. Finally, Bank of America set a $57.00 price objective on shares of Lennar and gave the stock a “buy” rating in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $43.13.

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.

Read More: Why is insider trading harmful?

Earnings History for FirstEnergy (NYSE:FE)

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