Exelon (EXC) Issues FY18 Earnings Guidance

Exelon (NYSE:EXC) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.90-3.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.95.

Shares of Exelon (NYSE:EXC) opened at $37.15 on Wednesday. Exelon has a 12-month low of $33.30 and a 12-month high of $42.67. The stock has a market capitalization of $35,446.44, a price-to-earnings ratio of 16.35, a PEG ratio of 2.93 and a beta of 0.23. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 1.03.

Exelon (NYSE:EXC) last announced its earnings results on Wednesday, February 7th. The energy giant reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.07). Exelon had a net margin of 6.59% and a return on equity of 8.19%. The business had revenue of $8.38 billion for the quarter, compared to analysts’ expectations of $7.66 billion. During the same period in the prior year, the business earned $0.44 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. sell-side analysts predict that Exelon will post 2.66 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Thursday, February 15th will be issued a $0.345 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.38 annualized dividend and a yield of 3.71%. This is a positive change from Exelon’s previous quarterly dividend of $0.33. Exelon’s dividend payout ratio (DPR) is 58.74%.

Several equities research analysts recently weighed in on EXC shares. Goldman Sachs Group lowered Exelon 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. Morgan Stanley lifted their price objective on Exelon from $42.00 to $43.00 and gave the stock an equal weight rating in a report on Wednesday, December 13th. Zacks Investment Research raised Exelon from a sell rating to a hold rating in a report on Friday, October 20th. Royal Bank of Canada reissued a buy rating and issued a $43.00 price objective on shares of Exelon in a report on Tuesday, November 7th. Finally, Mizuho started coverage on Exelon in a report on Friday, December 15th. They issued an underperform rating and a $36.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $41.34.

In other Exelon news, EVP Paymon Aliabadi sold 13,334 shares of Exelon stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $40.62, for a total transaction of $541,627.08. Following the completion of the transaction, the executive vice president now owns 26,435 shares of the company’s stock, valued at approximately $1,073,789.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by insiders.

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Exelon Company Profile

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 (NYSE:EXC)

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