FirstEnergy (FE) to Release Earnings on Tuesday

FirstEnergy (NYSE:FE) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect FirstEnergy to post earnings of $0.90 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

FirstEnergy (NYSE:FE) last posted its earnings results on Tuesday, July 30th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.56. FirstEnergy had a net margin of 6.61% and a return on equity of 12.12%. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the prior year, the business earned $0.47 EPS. On average, analysts expect FirstEnergy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

FirstEnergy Price Performance

Shares of NYSE:FE opened at $43.41 on Monday. The firm’s 50 day moving average price is $43.69 and its 200-day moving average price is $40.96. FirstEnergy has a twelve month low of $34.91 and a twelve month high of $44.97. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $24.98 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 2.31 and a beta of 0.50.

FirstEnergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, November 7th. FirstEnergy’s dividend payout ratio (DPR) is presently 97.70%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Bank of America increased their price objective on shares of FirstEnergy from $42.00 to $43.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. Barclays increased their price objective on shares of FirstEnergy from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. increased their price objective on shares of FirstEnergy from $45.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Wells Fargo & Company increased their target price on shares of FirstEnergy from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, Morgan Stanley raised their target price on shares of FirstEnergy from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $46.00.

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.