FirstEnergy (FE) Set to Announce Quarterly Earnings on Thursday

FirstEnergy (NYSE:FEGet Rating) will be releasing its earnings data after the market closes on Thursday, April 21st. Analysts expect FirstEnergy to post earnings of $0.60 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

FirstEnergy (NYSE:FEGet Rating) last released its earnings results on Thursday, February 10th. The utilities provider reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.01). FirstEnergy had a net margin of 11.52% and a return on equity of 18.38%. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same period last year, the business posted $0.32 earnings per share. On average, analysts expect FirstEnergy to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NYSE:FE opened at $47.29 on Tuesday. The stock’s fifty day simple moving average is $43.87 and its 200-day simple moving average is $41.02. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 2.56. The firm has a market capitalization of $27.00 billion, a P/E ratio of 20.12, a P/E/G ratio of 3.06 and a beta of 0.35. FirstEnergy has a 12-month low of $35.42 and a 12-month high of $47.99.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 6th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Thursday, May 5th. FirstEnergy’s dividend payout ratio is currently 66.38%.

Several brokerages recently issued reports on FE. StockNews.com initiated coverage on FirstEnergy in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Bank of America upped their price target on shares of FirstEnergy from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, January 18th. Evercore ISI raised shares of FirstEnergy from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $40.00 to $46.00 in a research report on Friday, January 7th. Morgan Stanley raised their price target on shares of FirstEnergy from $47.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, March 22nd. Finally, KeyCorp raised their price target on shares of FirstEnergy from $44.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, April 7th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $44.75.

Several large investors have recently bought and sold shares of the company. Zullo Investment Group Inc. acquired a new position in FirstEnergy in the fourth quarter valued at about $44,000. Toroso Investments LLC acquired a new stake in shares of FirstEnergy in the fourth quarter valued at approximately $256,000. Horizon Investments LLC acquired a new stake in FirstEnergy in the fourth quarter valued at $427,000. JustInvest LLC increased its position in shares of FirstEnergy by 9.2% in the fourth quarter. JustInvest LLC now owns 16,295 shares of the utilities provider’s stock valued at $678,000 after buying an additional 1,371 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in FirstEnergy by 14.4% during the 4th quarter. NewEdge Advisors LLC now owns 22,564 shares of the utilities provider’s stock worth $938,000 after purchasing an additional 2,842 shares in the last quarter. 87.82% of the stock is owned by hedge funds and other institutional investors.

About FirstEnergy (Get Rating)

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, natural gas, wind, and solar power generating facilities.

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Earnings History for FirstEnergy (NYSE:FE)

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