Analysts expect Exelon Co. (NYSE:EXC) to post sales of $7.66 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Exelon’s earnings, with estimates ranging from $7.18 billion to $8.14 billion. Exelon reported sales of $8.08 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 5.2%. The company is scheduled to report its next quarterly earnings report on Thursday, August 1st.
According to Zacks, analysts expect that Exelon will report full-year sales of $33.14 billion for the current year, with estimates ranging from $26.47 billion to $36.48 billion. For the next year, analysts expect that the business will post sales of $33.12 billion, with estimates ranging from $26.64 billion to $36.80 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Exelon.
Exelon (NYSE:EXC) last posted its quarterly earnings results on Thursday, May 2nd. The energy giant reported $0.87 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.87. The firm had revenue of $9.48 billion for the quarter, compared to analyst estimates of $9.10 billion. Exelon had a net margin of 6.52% and a return on equity of 8.85%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.96 earnings per share.
A number of equities research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Exelon from $52.00 to $53.00 and gave the company an “equal weight” rating in a research note on Thursday, May 16th. Barclays reissued a “hold” rating and set a $54.00 target price on shares of Exelon in a research note on Wednesday, June 19th. Goldman Sachs Group raised shares of Exelon from a “sell” rating to a “neutral” rating and lifted their target price for the company from $43.00 to $47.00 in a research note on Tuesday, April 9th. Wells Fargo & Co raised shares of Exelon from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $50.00 to $57.00 in a research note on Tuesday, April 2nd. Finally, KeyCorp assumed coverage on shares of Exelon in a research note on Tuesday, June 4th. They set a “sector weight” rating for the company. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $49.84.
In related news, EVP Kenneth W. Cornew sold 54,300 shares of Exelon stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $49.82, for a total value of $2,705,226.00. Following the transaction, the executive vice president now owns 97,813 shares in the company, valued at approximately $4,873,043.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.27% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in EXC. First Bank & Trust bought a new position in shares of Exelon during the 1st quarter worth about $25,000. Centersquare Investment Management LLC bought a new position in shares of Exelon during the 1st quarter worth about $26,000. LFA Lugano Financial Advisors SA bought a new position in shares of Exelon during the 1st quarter worth about $29,000. Braun Bostich & Associates Inc. increased its holdings in shares of Exelon by 51.7% during the 4th quarter. Braun Bostich & Associates Inc. now owns 613 shares of the energy giant’s stock worth $28,000 after purchasing an additional 209 shares during the period. Finally, Weaver Consulting Group bought a new position in shares of Exelon during the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 79.75% of the company’s stock.
Shares of NYSE:EXC traded down $0.30 during trading on Friday, reaching $47.49. 226,779 shares of the company traded hands, compared to its average volume of 4,755,815. The company has a fifty day simple moving average of $49.41. The firm has a market cap of $46.14 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 4.32 and a beta of 0.39. Exelon has a 1-year low of $40.97 and a 1-year high of $51.18. The company has a current ratio of 1.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.99.
The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were issued a $0.3625 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.45 annualized dividend and a yield of 3.05%. Exelon’s dividend payout ratio (DPR) is presently 46.47%.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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