Exelon (EXC) to Release Earnings on Thursday

Exelon (NASDAQ:EXC) will issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.71 per share for the quarter. Exelon has set its FY 2024 guidance at 2.400-2.500 EPS and its FY24 guidance at $2.40-2.50 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $3.87 billion. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. On average, analysts expect Exelon to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Exelon Stock Performance

NASDAQ:EXC opened at $37.77 on Thursday. The company has a fifty day simple moving average of $36.63 and a two-hundred day simple moving average of $37.11. The company has a market cap of $37.75 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 2.75 and a beta of 0.54. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. Exelon has a 52 week low of $33.35 and a 52 week high of $43.71.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a $0.38 dividend. This is an increase from Exelon’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 1st. This represents a $1.52 annualized dividend and a dividend yield of 4.02%. Exelon’s payout ratio is 65.24%.

Analysts Set New Price Targets

Several research firms have recently issued reports on EXC. Mizuho raised shares of Exelon from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $36.00 to $39.00 in a research report on Wednesday, January 10th. Scotiabank decreased their price objective on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research report on Monday. TheStreet cut shares of Exelon from a “b-” rating to a “c+” rating in a research report on Wednesday, February 7th. Barclays lifted their price objective on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Finally, Seaport Res Ptn cut shares of Exelon from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $38.92.

About Exelon

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.