Analysts Expect Exelon Corporation (EXC) to Post $0.86 EPS
Analysts expect that Exelon Corporation (NYSE:EXC) will announce earnings of $0.86 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Exelon Corporation’s earnings. The lowest EPS estimate is $0.85 and the highest is $0.88. Exelon Corporation reported earnings per share of $0.91 during the same quarter last year, which indicates a negative year over year growth rate of 5.5%. The company is expected to report its next quarterly earnings results before the market opens on Thursday, November 2nd.
According to Zacks, analysts expect that Exelon Corporation will report full-year earnings of $2.68 per share for the current year, with EPS estimates ranging from $2.64 to $2.71. For the next fiscal year, analysts anticipate that the company will post earnings of $2.85 per share, with EPS estimates ranging from $2.68 to $3.01. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Exelon Corporation.
Exelon Corporation (NYSE:EXC) last announced its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. The company had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.88 billion. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share.
EXC has been the topic of several research analyst reports. Morgan Stanley upped their price objective on Exelon Corporation from $37.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. Goldman Sachs Group, Inc. (The) downgraded Exelon Corporation from a “neutral” rating to a “sell” rating and set a $35.00 price objective on the stock. in a research note on Wednesday, October 11th. BidaskClub upgraded Exelon Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Wolfe Research upgraded Exelon Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, July 17th. Finally, ValuEngine upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $40.43.
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Shares of Exelon Corporation (NYSE:EXC) traded up 0.93% during trading on Friday, hitting $40.25. The stock had a trading volume of 2,783,561 shares. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $40.33. The company’s 50 day moving average price is $38.28 and its 200 day moving average price is $36.92. The company has a market capitalization of $38.64 billion, a price-to-earnings ratio of 21.29 and a beta of 0.29.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be issued a $0.3275 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.31 annualized dividend and a dividend yield of 3.25%. Exelon Corporation’s payout ratio is currently 68.59%.
In other news, Chairman Mayo A. Shattuck III sold 567,070 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $40.12, for a total value of $22,750,848.40. Following the transaction, the chairman now owns 746,986 shares of the company’s stock, valued at $29,969,078.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $38.31, for a total transaction of $510,787.23. Following the completion of the transaction, the executive vice president now directly owns 39,769 shares in the company, valued at approximately $1,523,550.39. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,014,740 shares of company stock worth $40,545,082. Insiders own 0.70% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Exelon Corporation by 3,711.9% in the first quarter. BlackRock Inc. now owns 74,283,986 shares of the energy giant’s stock worth $2,672,738,000 after purchasing an additional 72,335,239 shares during the period. Heartland Advisors Inc. increased its holdings in shares of Exelon Corporation by 3.9% in the second quarter. Heartland Advisors Inc. now owns 373,842 shares of the energy giant’s stock worth $13,484,000 after purchasing an additional 13,982 shares during the period. Calamos Advisors LLC increased its holdings in shares of Exelon Corporation by 667.0% in the second quarter. Calamos Advisors LLC now owns 714,316 shares of the energy giant’s stock worth $25,765,000 after purchasing an additional 621,188 shares during the period. CI Global Investments Inc. bought a new position in shares of Exelon Corporation in the second quarter worth $136,723,000. Finally, Baillie Gifford & Co. increased its holdings in shares of Exelon Corporation by 8.0% in the second quarter. Baillie Gifford & Co. now owns 404,952 shares of the energy giant’s stock worth $14,606,000 after purchasing an additional 29,825 shares during the period. 77.16% of the stock is currently owned by hedge funds and other institutional investors.
About Exelon Corporation
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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