Exelon (EXC) Set to Announce Earnings on Thursday

Exelon (NASDAQ:EXC) will be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Exelon to post earnings of $0.71 per share for the quarter. Exelon has set its FY 2024 guidance at 2.400-2.500 EPS and its FY24 guidance at $2.40-2.50 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. Exelon’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, analysts expect Exelon to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Exelon Trading Down 0.4 %

Shares of Exelon stock opened at $37.58 on Wednesday. The company’s fifty day moving average is $36.85 and its two-hundred day moving average is $37.03. Exelon has a 1 year low of $33.35 and a 1 year high of $43.53. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81. The company has a market capitalization of $37.56 billion, a P/E ratio of 16.13, a PEG ratio of 2.72 and a beta of 0.54.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Exelon’s previous quarterly dividend of $0.36. Exelon’s payout ratio is 65.24%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wells Fargo & Company dropped their target price on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Thursday, February 22nd. Scotiabank dropped their price objective on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Barclays raised their target price on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. TheStreet lowered shares of Exelon from a “b-” rating to a “c+” rating in a research note on Wednesday, February 7th. Finally, Seaport Res Ptn lowered Exelon from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $38.92.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.