PG&E (PCG) Set to Announce Earnings on Thursday

PG&E (NYSE:PCG) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect PG&E to post earnings of $0.35 per share for the quarter. PG&E has set its FY 2024 guidance at 1.330-1.370 EPS and its FY24 guidance at $1.33-$1.37 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

PG&E (NYSE:PCG) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. PG&E had a return on equity of 10.84% and a net margin of 9.24%. The firm had revenue of $7.04 billion during the quarter, compared to the consensus estimate of $6.43 billion. During the same period in the prior year, the company earned $0.26 EPS. On average, analysts expect PG&E to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

PG&E Stock Up 0.6 %

Shares of PCG opened at $16.95 on Tuesday. PG&E has a 52-week low of $14.71 and a 52-week high of $18.32. The company has a market capitalization of $36.21 billion, a PE ratio of 16.14 and a beta of 1.32. The stock has a fifty day simple moving average of $16.54 and a two-hundred day simple moving average of $16.87. The company has a quick ratio of 0.78, a current ratio of 0.83 and a debt-to-equity ratio of 2.04.

PG&E Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Wednesday, March 27th. PG&E’s dividend payout ratio (DPR) is presently 3.81%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. StockNews.com raised PG&E from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. The Goldman Sachs Group initiated coverage on PG&E in a report on Wednesday, April 10th. They set a “buy” rating and a $21.00 price target for the company. Finally, Barclays lowered their price target on PG&E from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, January 22nd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.78.

PG&E Company Profile

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.