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.
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.
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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