PG&E (NYSE:PCG – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.330-1.370 for the period, compared to the consensus estimate of 1.350. The company issued revenue guidance of -. PG&E also updated its FY24 guidance to $1.33-1.37 EPS.
PG&E Stock Down 0.2 %
Shares of PCG stock traded down $0.04 during trading hours on Friday, reaching $17.03. 13,459,180 shares of the company’s stock were exchanged, compared to its average volume of 11,163,894. The stock’s 50 day moving average is $16.58 and its 200-day moving average is $16.89. The company has a market cap of $36.39 billion, a price-to-earnings ratio of 15.21 and a beta of 1.32. The company has a current ratio of 0.83, a quick ratio of 0.78 and a debt-to-equity ratio of 2.04. PG&E has a fifty-two week low of $14.71 and a fifty-two week high of $18.32.
PG&E (NYSE:PCG – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The business had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $6.60 billion. PG&E had a return on equity of 11.48% and a net margin of 10.05%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 earnings per share. Analysts predict that PG&E will post 1.35 earnings per share for the current fiscal year.
PG&E Announces Dividend
Wall Street Analyst Weigh In
Several research firms recently issued reports on PCG. StockNews.com raised PG&E from a sell rating to a hold rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. upped their target price on PG&E from $18.00 to $19.00 and gave the company a neutral rating in a research report on Tuesday. The Goldman Sachs Group began coverage on PG&E in a research report on Wednesday, April 10th. They issued a buy rating and a $21.00 target price on the stock. Finally, Barclays upped their target price on PG&E from $20.00 to $21.00 and gave the company an overweight rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $19.11.
View Our Latest Stock Analysis on PCG
About PG&E
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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