Wall Street analysts forecast that Exelon Co. (NYSE:EXC) will report $8.95 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Exelon’s earnings, with the highest sales estimate coming in at $9.24 billion and the lowest estimate coming in at $8.66 billion. Exelon posted sales of $8.81 billion during the same quarter last year, which would indicate a positive year over year growth rate of 1.6%. The business is scheduled to announce its next quarterly earnings results on Friday, February 14th.
On average, analysts expect that Exelon will report full year sales of $34.08 billion for the current fiscal year, with estimates ranging from $30.26 billion to $36.02 billion. For the next financial year, analysts expect that the business will post sales of $33.13 billion, with estimates ranging from $25.98 billion to $35.96 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Exelon.
Exelon (NYSE:EXC) last released its quarterly earnings data on Thursday, October 31st. The energy giant reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. The company had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $8.70 billion. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 EPS.
Several equities research analysts have issued reports on the company. Wells Fargo & Co set a $54.00 price target on Exelon and gave the company a “buy” rating in a report on Friday, November 1st. Morgan Stanley raised Exelon from an “equal weight” rating to an “overweight” rating in a report on Friday, September 6th. Barclays reaffirmed a “buy” rating and set a $54.00 price target on shares of Exelon in a report on Thursday, September 26th. Mizuho cut their price target on Exelon from $49.00 to $47.00 and set a “neutral” rating for the company in a report on Wednesday, October 16th. Finally, SunTrust Banks dropped their target price on Exelon to $46.00 and set a “hold” rating for the company in a report on Friday, October 18th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Exelon presently has an average rating of “Buy” and an average target price of $52.00.
Several hedge funds and other institutional investors have recently modified their holdings of EXC. Nuveen Asset Management LLC grew its position in Exelon by 16,120.7% in the second quarter. Nuveen Asset Management LLC now owns 5,935,141 shares of the energy giant’s stock valued at $284,531,000 after acquiring an additional 5,898,551 shares during the last quarter. Millennium Management LLC grew its position in Exelon by 583.1% in the third quarter. Millennium Management LLC now owns 1,326,047 shares of the energy giant’s stock valued at $64,061,000 after acquiring an additional 1,600,547 shares during the last quarter. BlackRock Inc. grew its position in Exelon by 2.1% in the second quarter. BlackRock Inc. now owns 73,786,054 shares of the energy giant’s stock valued at $3,537,307,000 after acquiring an additional 1,551,062 shares during the last quarter. State of Michigan Retirement System grew its position in Exelon by 645.6% in the third quarter. State of Michigan Retirement System now owns 1,733,597 shares of the energy giant’s stock valued at $83,750,000 after acquiring an additional 1,501,100 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Exelon by 101.0% in the second quarter. First Trust Advisors LP now owns 2,173,317 shares of the energy giant’s stock valued at $104,189,000 after acquiring an additional 1,092,170 shares during the last quarter. Institutional investors own 78.99% of the company’s stock.
Shares of NYSE EXC traded up $0.28 during trading hours on Friday, hitting $44.54. The company had a trading volume of 5,112,911 shares, compared to its average volume of 5,725,443. The firm’s 50 day moving average is $44.98 and its 200-day moving average is $47.12. Exelon has a 1-year low of $43.10 and a 1-year high of $51.18. The stock has a market capitalization of $42.74 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 4.50 and a beta of 0.26. The company has a quick ratio of 0.77, a current ratio of 0.90 and a debt-to-equity ratio of 0.95.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a $0.3625 dividend. This represents a $1.45 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Thursday, November 14th. Exelon’s payout ratio is currently 46.47%.
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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