Exelon Corporation (EXC) Issues FY17 Earnings Guidance

Exelon Corporation (NYSE:EXC) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.50-2.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.68.

Shares of Exelon Corporation (NYSE EXC) opened at 37.50 on Friday. The company has a market cap of $36.00 billion, a price-to-earnings ratio of 19.83 and a beta of 0.27. The firm has a 50-day moving average of $37.05 and a 200-day moving average of $36.03. Exelon Corporation has a one year low of $29.82 and a one year high of $38.78.

Exelon Corporation (NYSE:EXC) last announced its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The business had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities research analysts forecast that Exelon Corporation will post $2.69 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th will be paid a $0.3275 dividend. This represents a $1.31 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, August 11th. Exelon Corporation’s dividend payout ratio is currently 68.59%.

Several equities research analysts have recently weighed in on the stock. UBS AG raised shares of Exelon Corporation from a neutral rating to a buy rating and increased their target price for the company from $36.00 to $37.50 in a research note on Monday, May 15th. BidaskClub raised shares of Exelon Corporation from a hold rating to a buy rating in a research note on Tuesday, August 1st. Credit Suisse Group reissued a buy rating and issued a $42.00 target price on shares of Exelon Corporation in a research note on Tuesday, May 30th. Barclays PLC reaffirmed an overweight rating and issued a $44.00 price target (up previously from $43.00) on shares of Exelon Corporation in a research note on Wednesday. Finally, ValuEngine downgraded shares of Exelon Corporation from a buy rating to a hold rating in a research note on Saturday, June 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $39.92.

In other Exelon Corporation news, Chairman Mayo A. Shattuck III sold 465,892 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $36.52, for a total transaction of $17,014,375.84. Following the transaction, the chairman now directly owns 567,649 shares in the company, valued at approximately $20,730,541.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Paymon Aliabadi sold 13,333 shares of the firm’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $37.05, for a total transaction of $493,987.65. Following the completion of the sale, the executive vice president now owns 53,102 shares in the company, valued at $1,967,429.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 927,844 shares of company stock worth $34,570,885. 0.70% of the stock is owned by company insiders.

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About Exelon Corporation

Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.

Earnings History and Estimates for Exelon Corporation (NYSE:EXC)

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