FirstEnergy (FE) to Release Earnings on Thursday

FirstEnergy (NYSE:FE) will be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect FirstEnergy to post earnings of $0.71 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

FirstEnergy (NYSE:FE) last released its quarterly earnings data on Friday, February 9th. The utilities provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.10 billion. FirstEnergy had a net margin of 8.56% and a return on equity of 13.52%. FirstEnergy’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 EPS. On average, analysts expect FirstEnergy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

FirstEnergy Stock Up 0.1 %

FE opened at $38.21 on Tuesday. The company has a fifty day moving average price of $37.74 and a 200-day moving average price of $37.05. The firm has a market capitalization of $21.99 billion, a P/E ratio of 21.11 and a beta of 0.48. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.48 and a quick ratio of 0.38. FirstEnergy has a one year low of $32.18 and a one year high of $41.17.

FirstEnergy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be given a dividend of $0.425 per share. This is a positive change from FirstEnergy’s previous quarterly dividend of $0.41. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Monday, May 6th. FirstEnergy’s payout ratio is 90.61%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FE shares. KeyCorp boosted their price target on shares of FirstEnergy from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. StockNews.com downgraded shares of FirstEnergy from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Scotiabank dropped their price objective on shares of FirstEnergy from $41.00 to $40.00 and set a “sector perform” rating for the company in a report on Monday. Finally, The Goldman Sachs Group started coverage on shares of FirstEnergy in a report on Wednesday, April 10th. They set a “buy” rating and a $45.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.33.

FirstEnergy Company Profile

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