FirstEnergy (FE) to Release Earnings on Wednesday

FirstEnergy (NYSE:FE) is projected to release its earnings data after the market closes on Wednesday, April 23rd. Analysts expect FirstEnergy to post earnings of $0.58 per share and revenue of $3.68 billion for the quarter. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

FirstEnergy (NYSE:FE) last posted its quarterly earnings results on Wednesday, February 26th. The utilities provider reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.53 billion. FirstEnergy had a net margin of 6.64% and a return on equity of 11.38%. On average, analysts expect FirstEnergy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

FirstEnergy Trading Down 0.2 %

FE opened at $41.03 on Wednesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.56. FirstEnergy has a one year low of $36.81 and a one year high of $44.97. The company has a market cap of $23.66 billion, a P/E ratio of 26.47, a PEG ratio of 2.07 and a beta of 0.41. The business’s 50-day simple moving average is $39.90 and its 200-day simple moving average is $40.77.

FirstEnergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 7th will be issued a $0.445 dividend. This is a boost from FirstEnergy’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.78 annualized dividend and a dividend yield of 4.34%. FirstEnergy’s dividend payout ratio is presently 104.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FE shares. Scotiabank reduced their price target on shares of FirstEnergy from $50.00 to $44.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Guggenheim boosted their target price on FirstEnergy from $45.00 to $47.00 and gave the company a “buy” rating in a report on Monday, April 7th. Wolfe Research downgraded FirstEnergy from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 23rd. Wells Fargo & Company cut their price target on FirstEnergy from $48.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. Finally, Morgan Stanley decreased their price objective on FirstEnergy from $52.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.17.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in FirstEnergy stock. Brighton Jones LLC bought a new stake in FirstEnergy Corp. (NYSE:FE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,441 shares of the utilities provider’s stock, valued at approximately $256,000. Institutional investors own 89.41% of the company’s stock.

About FirstEnergy

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.