FirstEnergy (FE) to Release Earnings on Tuesday

FirstEnergy (NYSE:FE) is set to release its earnings data after the market closes on Tuesday, February 20th. Analysts expect FirstEnergy to post earnings of $0.66 per share for the quarter.

FirstEnergy (FE) opened at $31.50 on Tuesday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.56 and a current ratio of 0.69. The stock has a market cap of $14,010.00, a P/E ratio of -2.68, a P/E/G ratio of 12.20 and a beta of 0.35. FirstEnergy has a one year low of $27.93 and a one year high of $35.22.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Tuesday, February 6th. FirstEnergy’s payout ratio is -12.23%.

Several brokerages recently issued reports on FE. UBS Group began coverage on shares of FirstEnergy in a research note on Friday, February 2nd. They set a “buy” rating and a $39.00 price objective on the stock. Mizuho reissued a “hold” rating and set a $32.00 price objective on shares of FirstEnergy in a research note on Tuesday, January 30th. Citigroup cut their price target on shares of FirstEnergy from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 30th. Zacks Investment Research raised shares of FirstEnergy from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, Bank of America raised shares of FirstEnergy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $32.09 to $36.00 in a research note on Friday, January 26th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $35.67.

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About FirstEnergy

FirstEnergy Corp. is a holding company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other. As of December 31, 2016, the Regulated Distribution segment distributed electricity through the Company’s 10 utility operating companies, serving approximately six million customers, and purchased power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland.

Earnings History for FirstEnergy (NYSE:FE)

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