Exelon (EXC) Set to Announce Earnings on Wednesday

Exelon (NASDAQ:EXC - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.68 per share for the quarter. Exelon has set its FY 2024 guidance at 2.400-2.500 EPS and its FY24 guidance at $2.40-2.50 EPS.Investors that wish to register for the company's conference call can do so using this link.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The business had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.98 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. On average, analysts expect Exelon to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Exelon Trading Up 0.1 %

Exelon stock opened at $40.53 on Wednesday. The company has a 50 day moving average price of $39.31 and a 200 day moving average price of $37.57. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. Exelon has a 52 week low of $33.35 and a 52 week high of $41.48. The firm has a market capitalization of $40.55 billion, a price-to-earnings ratio of 16.68, a P/E/G ratio of 2.96 and a beta of 0.53.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were given a $0.38 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.75%. Exelon's dividend payout ratio (DPR) is presently 62.55%.

Analysts Set New Price Targets

Several brokerages recently issued reports on EXC. Wells Fargo & Company increased their price objective on Exelon from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Friday, August 2nd. Scotiabank increased their price target on shares of Exelon from $37.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. Morgan Stanley boosted their price objective on shares of Exelon from $42.00 to $45.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. Jefferies Financial Group began coverage on shares of Exelon in a research report on Thursday, September 19th. They issued a "buy" rating and a $46.00 target price for the company. Finally, UBS Group boosted their price target on shares of Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, September 20th. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $41.33.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.