Exelon Corporation (NYSE:EXC) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.55-2.75 for the period, compared to the Thomson Reuters consensus estimate of $2.69.
Exelon Corporation (NYSE EXC) opened at $40.94 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.03 and a debt-to-equity ratio of 1.06. The company has a market cap of $39.09 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 3.50 and a beta of 0.31.
Exelon Corporation (NYSE:EXC) last released its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Exelon Corporation had a net margin of 6.59% and a return on equity of 8.19%. The firm had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.58 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. analysts forecast that Exelon Corporation will post 2.68 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 15th will be given a dividend of $0.3275 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Tuesday, November 14th. Exelon Corporation’s payout ratio is currently 58.74%.
A number of research firms recently issued reports on EXC. Bank of America Corporation began coverage on shares of Exelon Corporation in a report on Tuesday, October 24th. They set a buy rating and a $43.00 price objective for the company. Deutsche Bank AG restated a buy rating and set a $41.00 price objective on shares of Exelon Corporation in a report on Monday, July 17th. SunTrust Banks, Inc. restated a buy rating and set a $41.00 price objective on shares of Exelon Corporation in a report on Thursday, October 12th. Goldman Sachs Group, Inc. (The) downgraded shares of Exelon Corporation from a neutral rating to a sell rating and set a $35.00 price objective for the company. in a report on Wednesday, October 11th. Finally, J P Morgan Chase & Co raised their price objective on shares of Exelon Corporation from $40.00 to $42.00 and gave the stock an overweight rating in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $40.43.
In other Exelon Corporation news, EVP Paymon Aliabadi sold 13,333 shares of Exelon Corporation stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $38.31, for a total transaction of $510,787.23. Following the completion of the sale, the executive vice president now directly owns 39,769 shares in the company, valued at $1,523,550.39. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kenneth W. Cornew sold 25,000 shares of Exelon Corporation stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $37.44, for a total transaction of $936,000.00. Following the sale, the executive vice president now owns 28,363 shares of the company’s stock, valued at $1,061,910.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,212,787 shares of company stock valued at $48,570,909. 0.70% of the stock is currently 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.
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