Exelon (EXC) Posts Quarterly Earnings, Meets Expectations
Exelon (NYSE:EXC) announced its earnings results on Thursday. The company reported $0.51 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.51, ARN reports. The company had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at ISI Group downgraded shares of Exelon from a “buy” rating to a “neutral” rating in a research note on Thursday, July 24th. They now have a $33.00 price target on the stock, down previously from $40.00. On the ratings front, analysts at Deutsche Bank reiterated a “buy” rating on shares of Exelon in a research note on Wednesday, July 23rd. They now have a $36.00 price target on the stock, down previously from $38.00. Finally, analysts at Macquarie upgraded shares of Exelon from a “neutral” rating to an “outperform” rating in a research note on Monday, July 21st. They now have a $36.00 price target on the stock, down previously from $37.00. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $32.77.
Shares of Exelon (NYSE:EXC) opened at 31.01 on Thursday. Exelon has a 52 week low of $26.45 and a 52 week high of $37.73. The stock has a 50-day moving average of $34.33 and a 200-day moving average of $33.01. The company has a market cap of $26.629 billion and a P/E ratio of 14.72.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Friday, August 15th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Wednesday, August 13th.
Exelon Corporation (NYSE:EXC) is an energy provider and holding company for several energy businesses.
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