FirstEnergy Corp. Earnings Estimates Lowered at UBS AG (FE)
Equities research analysts at UBS AG dropped their earnings per share (EPS) estimates on shares of FirstEnergy Corp. (NYSE:FE) in a research note issued to investors on Wednesday, Analyst Ratings.Net reports. The firm currently has a “hold” rating and a $10.00 price objective on the company’s shares. They previously had a $31.00 price objective on the stock. UBS AG’s target price would indicate a potential downside of 67.53% from the stock’s previous close.
A number of other analysts have also recently weighed in on FE. Analysts at Barclays raised their price target on shares of FirstEnergy Corp. from $34.00 to $35.00 in a research note on Wednesday. Separately, analysts at Jefferies Group cut their price target on shares of FirstEnergy Corp. from $32.50 to $31.00 in a research note on Wednesday. Finally, analysts at Jefferies Group cut their price target on shares of FirstEnergy Corp. from $36.00 to $32.50 in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.17.
FirstEnergy Corp. (NYSE:FE) traded up 0.34% during mid-day trading on Wednesday, hitting $30.905. 1,151,037 shares of the company’s stock traded hands. FirstEnergy Corp. has a 52-week low of $30.10 and a 52-week high of $46.77. The stock’s 50-day moving average is $31.43 and its 200-day moving average is $34.73. The company has a market cap of $12.925 billion and a P/E ratio of 126.23.
FirstEnergy Corp. (NYSE:FE) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. On average, analysts predict that FirstEnergy Corp. will post $2.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Saturday, March 1st. Investors of record on Friday, February 7th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Wednesday, February 5th.
FirstEnergy Corp. (NYSE:FE) is engaged in the holding, directly or indirectly, of its subsidiaries: Ohio Edison Company (OE), The Cleveland Electric Illuminating Company (CEI), The Toledo Edison Company (TE), Pennsylvania Power Company (Penn) (a wholly owned subsidiary of OE), American Transmission Systems, Incorporated (ATSI), Jersey Central Power & Light Company (JCP&L), Metropolitan Edison Company (Met-Ed), Pennsylvania Electric Company (Penelec).
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