Equities research analysts expect FirstEnergy Corp. (NYSE:FE) to post earnings per share of $0.79 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for FirstEnergy’s earnings. The highest EPS estimate is $0.81 and the lowest is $0.78. FirstEnergy posted earnings per share of $0.84 in the same quarter last year, which suggests a negative year-over-year growth rate of 6%. The company is scheduled to issue its next quarterly earnings report on Monday, November 1st.
According to Zacks, analysts expect that FirstEnergy will report full year earnings of $2.55 per share for the current fiscal year, with EPS estimates ranging from $2.52 to $2.57. For the next year, analysts anticipate that the company will post earnings of $2.55 per share, with EPS estimates ranging from $2.29 to $2.66. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover FirstEnergy.
FirstEnergy (NYSE:FE) last released its quarterly earnings results on Thursday, July 22nd. The utilities provider reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. FirstEnergy had a return on equity of 18.17% and a net margin of 9.98%. The company had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year.
Several large investors have recently bought and sold shares of FE. Oppenheimer Asset Management Inc. grew its holdings in FirstEnergy by 35.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 225,470 shares of the utilities provider’s stock worth $8,390,000 after buying an additional 58,662 shares in the last quarter. HighPoint Advisor Group LLC grew its holdings in FirstEnergy by 10.5% in the 2nd quarter. HighPoint Advisor Group LLC now owns 7,440 shares of the utilities provider’s stock worth $277,000 after buying an additional 708 shares in the last quarter. Frisch Financial Group Inc. bought a new position in FirstEnergy in the 1st quarter worth approximately $200,000. Advisor Group Holdings Inc. grew its holdings in FirstEnergy by 71.6% in the 2nd quarter. Advisor Group Holdings Inc. now owns 152,455 shares of the utilities provider’s stock worth $5,673,000 after buying an additional 63,608 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in FirstEnergy by 13.3% in the 2nd quarter. Sei Investments Co. now owns 378,705 shares of the utilities provider’s stock worth $14,080,000 after buying an additional 44,567 shares in the last quarter. 82.24% of the stock is owned by institutional investors.
Shares of NYSE:FE traded down $0.49 during midday trading on Thursday, reaching $37.31. The company’s stock had a trading volume of 1,588,359 shares, compared to its average volume of 3,704,450. The firm has a market cap of $20.30 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 3.54 and a beta of 0.24. The company has a quick ratio of 0.75, a current ratio of 0.83 and a debt-to-equity ratio of 3.10. FirstEnergy has a 1 year low of $26.17 and a 1 year high of $39.94. The business has a 50 day moving average price of $38.30 and a 200 day moving average price of $37.11.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Friday, August 6th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Thursday, August 5th. FirstEnergy’s dividend payout ratio (DPR) is presently 65.27%.
FirstEnergy Corp. engages in the generation, transmission and distribution of electricity as well as energy management and other energy-related services through its subsidiaries. It operates through the following business segments: Regulated Distribution, Regulated Transmission and Corporate. The Regulated Distribution segment distributes electricity through FirstEnergy’s utility operating companies, serving various customers.
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