Exelon (NASDAQ:EXC) Announces Quarterly Earnings Results

Exelon (NASDAQ:EXC) announced its quarterly earnings results on Wednesday. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04, Briefing.com reports. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. Exelon updated its FY 2024 guidance to 2.400-2.500 EPS and its FY24 guidance to $2.40-2.50 EPS.

Exelon Trading Down 0.3 %

Shares of EXC traded down $0.12 during midday trading on Thursday, hitting $39.58. The stock had a trading volume of 2,955,821 shares, compared to its average volume of 6,735,791. Exelon has a 1 year low of $33.35 and a 1 year high of $41.48. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. The firm has a market cap of $39.60 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 2.90 and a beta of 0.53. The stock’s 50 day moving average is $39.62 and its 200 day moving average is $37.69.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be given a dividend of $0.38 per share. The ex-dividend date is Monday, November 11th. This represents a $1.52 dividend on an annualized basis and a yield of 3.84%. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. UBS Group lifted their price objective on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Scotiabank boosted their price target on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Barclays raised their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group assumed coverage on Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $41.33.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.