Equities research analysts predict that Exelon Co. (NYSE:EXC) will announce sales of $8.95 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Exelon’s earnings. The lowest sales estimate is $8.66 billion and the highest is $9.24 billion. Exelon posted sales of $8.81 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 1.6%. The company is scheduled to report its next quarterly earnings report on Friday, February 14th.
On average, analysts expect that Exelon will report full-year sales of $34.08 billion for the current fiscal year, with estimates ranging from $30.26 billion to $36.02 billion. For the next financial year, analysts forecast that the business will post sales of $33.13 billion, with estimates ranging from $25.98 billion to $35.96 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Exelon.
Exelon (NYSE:EXC) last announced its quarterly earnings data on Thursday, October 31st. The energy giant reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. Exelon had a net margin of 6.43% and a return on equity of 8.47%. The company had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $8.70 billion. During the same quarter last year, the firm posted $0.88 EPS. The company’s quarterly revenue was up 16.4% on a year-over-year basis.
Several brokerages have recently weighed in on EXC. SunTrust Banks decreased their price target on Exelon to $46.00 and set a “hold” rating on the stock in a research report on Friday, October 18th. UBS Group boosted their price objective on Exelon from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Credit Suisse Group decreased their target price on Exelon from $51.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, October 18th. Mizuho decreased their price objective on Exelon from $49.00 to $47.00 and set a “neutral” rating for the company in a report on Wednesday, October 16th. Finally, Morgan Stanley upgraded Exelon from an “equal weight” rating to an “overweight” rating in a report on Friday, September 6th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $52.00.
EXC traded up $0.28 during mid-day trading on Friday, reaching $44.54. 5,112,911 shares of the stock were exchanged, compared to its average volume of 5,725,443. The stock has a market capitalization of $42.74 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 4.50 and a beta of 0.26. Exelon has a 1 year low of $43.10 and a 1 year high of $51.18. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.77 and a current ratio of 0.90. The company has a 50 day moving average price of $44.98 and a two-hundred day moving average price of $47.12.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.3625 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 3.26%. Exelon’s dividend payout ratio is currently 46.47%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXC. Cliftonlarsonallen Wealth Advisors LLC boosted its position in Exelon by 0.4% in the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 48,412 shares of the energy giant’s stock worth $2,339,000 after purchasing an additional 212 shares during the last quarter. Trust Co. of Toledo NA OH boosted its position in Exelon by 0.6% in the third quarter. Trust Co. of Toledo NA OH now owns 33,941 shares of the energy giant’s stock worth $1,640,000 after purchasing an additional 218 shares during the last quarter. Hanseatic Management Services Inc. boosted its position in Exelon by 7.1% in the second quarter. Hanseatic Management Services Inc. now owns 3,660 shares of the energy giant’s stock worth $175,000 after purchasing an additional 243 shares during the last quarter. Hoover Financial Advisors Inc. boosted its position in Exelon by 5.8% in the second quarter. Hoover Financial Advisors Inc. now owns 4,463 shares of the energy giant’s stock worth $214,000 after purchasing an additional 245 shares during the last quarter. Finally, FinTrust Capital Advisors LLC boosted its position in Exelon by 7.5% in the third quarter. FinTrust Capital Advisors LLC now owns 3,527 shares of the energy giant’s stock worth $170,000 after purchasing an additional 245 shares during the last quarter. 78.99% of the stock is currently owned by hedge funds and other institutional investors.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company 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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