PG&E (NYSE:PCG – Get Free Report) issued its quarterly earnings results on Thursday. The utilities provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02, Briefing.com reports. The business had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $6.60 billion. PG&E had a net margin of 9.24% and a return on equity of 10.84%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 earnings per share. PG&E updated its FY 2024 guidance to 1.330-1.370 EPS and its FY24 guidance to $1.33-1.37 EPS.
PG&E Stock Down 0.2 %
NYSE PCG traded down $0.04 during midday trading on Friday, hitting $17.03. 13,307,107 shares of the company traded hands, compared to its average volume of 15,539,710. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.83 and a quick ratio of 0.78. The company has a market cap of $36.39 billion, a PE ratio of 16.29 and a beta of 1.32. PG&E has a 52 week low of $14.71 and a 52 week high of $18.32. The company’s 50-day simple moving average is $16.57 and its 200-day simple moving average is $16.88.
PG&E Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.23%. PG&E’s dividend payout ratio is currently 3.81%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on PCG
PG&E Company Profile
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.
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