Public Service Enterprise Group Incorporated (NYSE:PEG) is scheduled to post its quarterly earnings results before the market opens on Tuesday, October 31st. Analysts expect Public Service Enterprise Group to post earnings of $0.86 per share for the quarter. Public Service Enterprise Group has set its FY17 guidance at $2.80-3.00 EPS.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.05. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.33 billion. Public Service Enterprise Group had a return on equity of 11.46% and a net margin of 4.88%. During the same quarter in the previous year, the business earned $0.57 EPS. On average, analysts expect Public Service Enterprise Group to post $2.91 EPS for the current fiscal year and $2.96 EPS for the next fiscal year.

Shares of Public Service Enterprise Group Incorporated (PEG) opened at 48.98 on Tuesday. Public Service Enterprise Group Incorporated has a 1-year low of $39.28 and a 1-year high of $49.33. The stock has a market cap of $24.78 billion, a P/E ratio of 55.03 and a beta of 0.38. The firm’s 50-day moving average price is $46.98 and its 200 day moving average price is $45.14.

In related news, Chairman Ralph Izzo sold 39,960 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $49.20, for a total transaction of $1,966,032.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Derek M. Dirisio sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $47.11, for a total value of $70,665.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 165,613 shares of company stock worth $7,966,307. Corporate insiders own 0.61% of the company’s stock.

A number of analysts have weighed in on the company. Evercore ISI upgraded Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and raised their price target for the company from $46.75 to $50.00 in a research note on Monday, September 25th. Zacks Investment Research upgraded Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Tuesday, July 4th. Barclays PLC upgraded Public Service Enterprise Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $49.00 to $51.00 in a research note on Friday, September 22nd. Jefferies Group LLC restated a “hold” rating and issued a $46.50 price target on shares of Public Service Enterprise Group in a research note on Thursday, October 12th. Finally, Wolfe Research upgraded Public Service Enterprise Group from an “underperform” rating to a “market perform” rating in a research note on Monday, July 17th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Public Service Enterprise Group has an average rating of “Buy” and an average price target of $50.05.

TRADEMARK VIOLATION NOTICE: This news story was first published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/24/public-service-enterprise-group-incorporated-peg-scheduled-to-post-earnings-on-tuesday.html.

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated (PSEG) is a holding company. The Company is an energy company with operations located primarily in the Northeastern and Mid-Atlantic United States. The Company’s segments include Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (Power) and Other.

Earnings History for Public Service Enterprise Group (NYSE:PEG)

Receive News & Ratings for Public Service Enterprise Group Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Service Enterprise Group Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.