Public Service Enterprise Group (NYSE:PEG – Get Free Report) released its quarterly earnings results on Tuesday. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01), Briefing.com reports. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.03 billion. Public Service Enterprise Group had a return on equity of 11.10% and a net margin of 17.65%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company posted $0.70 EPS. Public Service Enterprise Group updated its FY 2024 guidance to 3.600-3.700 EPS and its FY24 guidance to $3.60-3.70 EPS.
Public Service Enterprise Group Price Performance
NYSE PEG traded up $1.77 during trading hours on Wednesday, reaching $79.77. 6,492,074 shares of the company’s stock were exchanged, compared to its average volume of 2,848,885. The stock has a market cap of $39.73 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 3.04 and a beta of 0.59. Public Service Enterprise Group has a one year low of $53.71 and a one year high of $81.00. The firm has a fifty day moving average of $74.52 and a 200-day moving average of $68.03. The company has a current ratio of 0.79, a quick ratio of 0.62 and a debt-to-equity ratio of 1.19.
Public Service Enterprise Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 9th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $2.40 dividend on an annualized basis and a yield of 3.01%. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 66.48%.
Analysts Set New Price Targets
Check Out Our Latest Analysis on Public Service Enterprise Group
Public Service Enterprise Group Company Profile
Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.
Featured Articles
- Five stocks we like better than Public Service Enterprise Group
- Top Stocks Investing in 5G Technology
- Joby Aviation Stock: The Case for Upside Just Got Stronger
- How to Find Undervalued Stocks
- Conviction Firms for Microsoft’s Double-Digit Stock Upside
- How to Invest in Biotech Stocks
- 5 Aggressive Growth Stocks for Long-Term Investors
Receive News & Ratings for Public Service Enterprise Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Service Enterprise Group and related companies with MarketBeat.com's FREE daily email newsletter.