FirstEnergy (FE) Expected to Announce Earnings on Thursday

FirstEnergy (NYSE:FE - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, February 13th. Analysts expect FirstEnergy to post earnings of $0.70 per share and revenue of $3.53 billion for the quarter.

FirstEnergy Price Performance

FE stock traded up $0.04 during mid-day trading on Friday, reaching $40.17. 4,045,275 shares of the company's stock were exchanged, compared to its average volume of 3,835,380. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.56 and a quick ratio of 0.46. The stock's 50 day moving average is $39.95 and its 200 day moving average is $41.84. The company has a market cap of $23.15 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 2.01 and a beta of 0.52. FirstEnergy has a 12-month low of $35.41 and a 12-month high of $44.97.

FirstEnergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 7th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.70 dividend on an annualized basis and a yield of 4.23%. FirstEnergy's payout ratio is currently 109.68%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FE. KeyCorp dropped their price objective on shares of FirstEnergy from $48.00 to $47.00 and set an "overweight" rating for the company in a research note on Wednesday, December 4th. Scotiabank upgraded shares of FirstEnergy from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $45.00 to $50.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price objective on shares of FirstEnergy from $45.00 to $46.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Wolfe Research lowered FirstEnergy from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley decreased their price target on shares of FirstEnergy from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, FirstEnergy presently has an average rating of "Hold" and a consensus price target of $46.27.

FirstEnergy Company Profile

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities.