Zacks: Brokerages Anticipate Exelon Co. (NYSE:EXC) Will Announce Quarterly Sales of $8.95 Billion

Analysts expect that Exelon Co. (NYSE:EXC) will post sales of $8.95 billion for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Exelon’s earnings, with estimates ranging from $8.66 billion to $9.24 billion. Exelon reported sales of $8.81 billion in the same quarter last year, which would suggest a positive year over year growth rate of 1.6%. The firm is scheduled to issue its next quarterly earnings results on Friday, February 14th.

According to Zacks, analysts expect that Exelon will report full year sales of $34.55 billion for the current financial year, with estimates ranging from $32.11 billion to $36.02 billion. For the next fiscal year, analysts expect that the firm will report sales of $32.96 billion, with estimates ranging from $25.29 billion to $35.96 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Exelon.

Exelon (NYSE:EXC) last issued its quarterly earnings results on Thursday, October 31st. The energy giant reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $8.70 billion. During the same period last year, the company earned $0.88 EPS. The firm’s quarterly revenue was up 16.4% on a year-over-year basis.

EXC has been the topic of a number of research analyst reports. Credit Suisse Group decreased their price target on Exelon from $51.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Barclays reissued a “buy” rating and issued a $54.00 price objective on shares of Exelon in a research report on Thursday, September 26th. Argus reissued a “buy” rating and issued a $53.00 target price on shares of Exelon in a research note on Wednesday, September 18th. SunTrust Banks reduced their target price on shares of Exelon to $46.00 and set a “hold” rating on the stock in a report on Friday, October 18th. Finally, Mizuho decreased their price target on shares of Exelon from $49.00 to $47.00 and set a “neutral” rating for the company in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Exelon currently has an average rating of “Buy” and a consensus target price of $52.25.

NYSE:EXC traded up $0.23 during mid-day trading on Monday, reaching $46.78. The company’s stock had a trading volume of 76,180 shares, compared to its average volume of 5,861,248. The company’s fifty day simple moving average is $45.14 and its two-hundred day simple moving average is $46.23. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.77. Exelon has a twelve month low of $43.42 and a twelve month high of $51.18. The stock has a market cap of $45.17 billion, a P/E ratio of 14.93, a P/E/G ratio of 4.50 and a beta of 0.26.

Institutional investors have recently made changes to their positions in the stock. Cliftonlarsonallen Wealth Advisors LLC boosted its position in Exelon by 0.4% in the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 48,412 shares of the energy giant’s stock valued at $2,339,000 after buying an additional 212 shares during the last quarter. Trust Co. of Toledo NA OH boosted its position in Exelon by 0.6% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 33,941 shares of the energy giant’s stock valued at $1,640,000 after buying an additional 218 shares during the last quarter. FinTrust Capital Advisors LLC raised its stake in shares of Exelon by 7.5% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 3,527 shares of the energy giant’s stock valued at $170,000 after purchasing an additional 245 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in shares of Exelon by 1.3% in the 2nd quarter. Rehmann Capital Advisory Group now owns 19,106 shares of the energy giant’s stock valued at $916,000 after purchasing an additional 247 shares in the last quarter. Finally, VeraBank N.A. raised its stake in shares of Exelon by 2.1% in the 3rd quarter. VeraBank N.A. now owns 12,074 shares of the energy giant’s stock valued at $583,000 after purchasing an additional 250 shares in the last quarter. 78.99% of the stock is owned by hedge funds and other institutional investors.

About Exelon

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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