FirstEnergy (NYSE:FE) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.550-$2.650 for the period, compared to the Thomson Reuters consensus estimate of $2.600. The company issued revenue guidance of -.
Shares of FE traded down $0.03 during midday trading on Thursday, hitting $38.91. The company had a trading volume of 1,406,403 shares, compared to its average volume of 3,599,247. FirstEnergy has a 1 year low of $26.17 and a 1 year high of $39.94. The firm has a market capitalization of $21.18 billion, a P/E ratio of 19.17, a P/E/G ratio of 2.03 and a beta of 0.32. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.56 and a current ratio of 0.62. The company’s 50-day simple moving average is $37.55 and its 200-day simple moving average is $37.89.
FirstEnergy (NYSE:FE) last posted its earnings results on Thursday, October 28th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.11 billion. FirstEnergy had a return on equity of 17.84% and a net margin of 9.97%. FirstEnergy’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. Equities analysts predict that FirstEnergy will post 2.6 earnings per share for the current fiscal year.
Several research analysts have weighed in on the company. KeyCorp lifted their target price on FirstEnergy from $42.00 to $43.00 and gave the company an overweight rating in a research note on Tuesday, October 19th. Wells Fargo & Company upgraded shares of FirstEnergy from an underweight rating to an equal weight rating and set a $42.00 price objective on the stock in a research report on Tuesday, November 2nd. Morgan Stanley dropped their price objective on shares of FirstEnergy from $48.00 to $47.00 and set an overweight rating on the stock in a research note on Friday, September 17th. Finally, Barclays reduced their target price on shares of FirstEnergy from $41.00 to $40.00 and set an equal weight rating for the company in a research note on Wednesday, November 3rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Buy and an average price target of $41.17.
FirstEnergy Company Profile
FirstEnergy Corp. engages in the generation, transmission and distribution of electricity as well as energy management and other energy-related services through its subsidiaries. It operates through the following business segments: Regulated Distribution, Regulated Transmission and Corporate. The Regulated Distribution segment distributes electricity through FirstEnergy’s utility operating companies, serving various customers.
Featured Story: Growth Stocks, What They Are, What They Are Not
Receive News & Ratings for FirstEnergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstEnergy and related companies with MarketBeat.com's FREE daily email newsletter.