Exelon Co. (EXC) Expected to Post Earnings of $0.62 Per Share
Brokerages expect Exelon Co. (NYSE:EXC) to announce $0.62 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Exelon’s earnings. The lowest EPS estimate is $0.57 and the highest is $0.67. Exelon reported earnings per share of $0.68 in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.8%. The company is expected to issue its next earnings report on Friday, May 5th.
On average, analysts expect that Exelon will report full-year earnings of $2.66 per share for the current year, with EPS estimates ranging from $2.60 to $2.75. For the next fiscal year, analysts anticipate that the business will report earnings of $2.87 per share, with EPS estimates ranging from $2.82 to $2.90. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Exelon.
Exelon (NYSE:EXC) last announced its earnings results on Wednesday, February 8th. The energy giant reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by $0.01. The company had revenue of $8.05 billion for the quarter, compared to the consensus estimate of $7.91 billion. Exelon had a return on equity of 9.24% and a net margin of 3.59%. The business’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS.
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A number of equities analysts have recently commented on the stock. Royal Bank of Canada restated a “buy” rating and issued a $40.00 price objective on shares of Exelon in a research report on Friday, March 17th. Zacks Investment Research lowered shares of Exelon from a “buy” rating to a “hold” rating in a research report on Tuesday, February 21st. Morgan Stanley lowered shares of Exelon from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $40.00 to $37.00 in a research report on Tuesday, March 28th. They noted that the move was a valuation call. Jefferies Group LLC restated a “buy” rating and issued a $39.50 price objective on shares of Exelon in a research report on Thursday. Finally, KeyCorp upgraded shares of Exelon from a “sector weight” rating to an “overweight” rating and set a $41.00 price objective for the company in a research report on Monday, February 13th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.54.
Shares of Exelon (NYSE:EXC) opened at 35.46 on Thursday. The company has a market cap of $32.86 billion, a P/E ratio of 29.07 and a beta of 0.26. The company’s 50 day moving average is $35.97 and its 200 day moving average is $34.61. Exelon has a one year low of $29.82 and a one year high of $37.70.
In other Exelon news, SVP Duane M. Desparte sold 5,000 shares of Exelon stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $35.82, for a total transaction of $179,100.00. Following the completion of the sale, the senior vice president now directly owns 9,914 shares in the company, valued at $355,119.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.80% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. raised its stake in shares of Exelon by 7.9% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 6,353 shares of the energy giant’s stock valued at $211,000 after buying an additional 467 shares during the last quarter. CENTRAL TRUST Co raised its stake in shares of Exelon by 42.0% in the third quarter. CENTRAL TRUST Co now owns 19,649 shares of the energy giant’s stock valued at $654,000 after buying an additional 5,808 shares during the last quarter. Henderson Group PLC raised its stake in shares of Exelon by 2.6% in the third quarter. Henderson Group PLC now owns 108,565 shares of the energy giant’s stock valued at $3,614,000 after buying an additional 2,721 shares during the last quarter. Regentatlantic Capital LLC raised its stake in shares of Exelon by 50.5% in the third quarter. Regentatlantic Capital LLC now owns 145,207 shares of the energy giant’s stock valued at $4,834,000 after buying an additional 48,751 shares during the last quarter. Finally, Wagner Bowman Management Corp raised its stake in shares of Exelon by 5.2% in the third quarter. Wagner Bowman Management Corp now owns 14,211 shares of the energy giant’s stock valued at $473,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 75.83% of the company’s stock.
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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