FirstEnergy (FE) to Release Earnings on Thursday

FirstEnergy (NYSE:FE) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.71 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

FirstEnergy (NYSE:FE) last issued its quarterly earnings results on Friday, February 9th. The utilities provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.10 billion. FirstEnergy had a return on equity of 13.52% and a net margin of 8.56%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. 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

NYSE:FE opened at $38.21 on Tuesday. The business’s 50-day moving average price is $37.74 and its 200 day moving average price is $37.05. The firm has a market cap of $21.99 billion, a P/E ratio of 21.11 and a beta of 0.48. FirstEnergy has a 52-week low of $32.18 and a 52-week high of $41.17. The company has a quick ratio of 0.38, a current ratio of 0.48 and a debt-to-equity ratio of 2.10.

FirstEnergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be issued a dividend of $0.425 per share. This is a positive change from FirstEnergy’s previous quarterly dividend of $0.41. This represents a $1.70 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date is Monday, May 6th. FirstEnergy’s payout ratio is presently 90.61%.

Analysts Set New Price Targets

FE has been the subject of a number of recent analyst reports. Scotiabank decreased their price target on FirstEnergy from $41.00 to $40.00 and set a “sector perform” rating for the company in a research report on Monday. StockNews.com lowered FirstEnergy from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. KeyCorp increased their price target on FirstEnergy from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Finally, The Goldman Sachs Group began coverage on FirstEnergy in a research report on Wednesday, April 10th. They issued a “buy” rating and a $45.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.33.

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.