FirstEnergy (FE) Scheduled to Post Quarterly Earnings on Thursday

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

FirstEnergy (NYSE:FE) last issued its earnings results on Friday, February 9th. The utilities provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. FirstEnergy had a return on equity of 13.52% and a net margin of 8.56%. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the business posted $0.50 EPS. The company’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 $3 EPS for the next fiscal year.

FirstEnergy Stock Performance

Shares of FE opened at $38.12 on Wednesday. The business’s fifty day simple moving average is $37.76 and its two-hundred day simple moving average is $37.07. The company has a current ratio of 0.48, a quick ratio of 0.38 and a debt-to-equity ratio of 2.10. FirstEnergy has a 12 month low of $32.18 and a 12 month high of $41.17. The company has a market cap of $21.94 billion, a price-to-earnings ratio of 21.06 and a beta of 0.48.

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 issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 4.46%. This is a boost from FirstEnergy’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, May 6th. FirstEnergy’s dividend payout ratio is presently 93.92%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. StockNews.com downgraded FirstEnergy from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. KeyCorp boosted their price objective on FirstEnergy from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Scotiabank lowered their price objective on FirstEnergy from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Monday. The Goldman Sachs Group assumed coverage on FirstEnergy in a research report on Wednesday, April 10th. They issued a “buy” rating and a $45.00 price objective on the stock. Finally, Bank of America boosted their price objective on FirstEnergy from $30.00 to $35.00 and gave the company an “underperform” rating in a research report on Tuesday. Two equities research analysts have 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.80.

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.