Zacks: Analysts Expect Exelon Co. (EXC) to Post $0.58 Earnings Per Share

Equities analysts expect Exelon Co. (NYSE:EXC) to report earnings per share (EPS) of $0.58 for the current quarter, Zacks reports. Two analysts have made estimates for Exelon’s earnings. The lowest EPS estimate is $0.57 and the highest is $0.62. Exelon reported earnings of $0.55 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.5%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 6th.

On average, analysts expect that Exelon will report full-year earnings of $3.12 per share for the current fiscal year, with EPS estimates ranging from $3.05 to $3.17. For the next fiscal year, analysts forecast that the company will report earnings of $3.16 per share, with EPS estimates ranging from $3.00 to $3.42. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Exelon.

Exelon (NYSE:EXC) last posted its quarterly earnings data on Thursday, November 1st. The energy giant reported $0.88 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.88. The company had revenue of $8.08 billion for the quarter, compared to analyst estimates of $8.74 billion. Exelon had a return on equity of 9.48% and a net margin of 11.25%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share.

EXC has been the topic of a number of recent analyst reports. Citigroup lifted their price objective on Exelon from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, July 9th. Barclays assumed coverage on Exelon in a research note on Tuesday, July 10th. They issued an “equal weight” rating and a $46.00 price objective on the stock. Morgan Stanley lifted their target price on Exelon from $41.00 to $43.00 and gave the stock an “equal weight” rating in a report on Monday, July 16th. Zacks Investment Research upgraded Exelon from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Friday, July 20th. Finally, Guggenheim reiterated a “buy” rating and issued a $51.00 target price on shares of Exelon in a report on Monday, July 23rd. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $45.67.

Shares of Exelon stock traded down $0.25 during midday trading on Friday, reaching $43.40. The company had a trading volume of 6,109,378 shares, compared to its average volume of 6,188,061. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.19 and a quick ratio of 1.03. The firm has a market cap of $42.32 billion, a P/E ratio of 16.69, a P/E/G ratio of 2.48 and a beta of 0.26. Exelon has a fifty-two week low of $35.57 and a fifty-two week high of $45.05.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Thursday, November 15th will be issued a $0.345 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.38 dividend on an annualized basis and a yield of 3.18%. Exelon’s payout ratio is currently 53.08%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXC. State Treasurer State of Michigan increased its holdings in shares of Exelon by 71.6% during the second quarter. State Treasurer State of Michigan now owns 4,185,797 shares of the energy giant’s stock valued at $178,315,000 after acquiring an additional 1,746,700 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Exelon by 1,187.3% during the second quarter. Glenmede Trust Co. NA now owns 1,187,053 shares of the energy giant’s stock valued at $50,568,000 after acquiring an additional 1,094,843 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Exelon by 31.9% during the third quarter. Russell Investments Group Ltd. now owns 3,733,728 shares of the energy giant’s stock valued at $161,330,000 after acquiring an additional 902,458 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Exelon by 18.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 5,166,583 shares of the energy giant’s stock valued at $220,097,000 after acquiring an additional 816,893 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Exelon by 1.0% during the second quarter. BlackRock Inc. now owns 71,949,812 shares of the energy giant’s stock valued at $3,065,064,000 after acquiring an additional 721,483 shares in the last quarter. Hedge funds and other institutional investors own 78.91% of the company’s stock.

About Exelon

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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