FirstEnergy (FE) Scheduled to Post Quarterly Earnings on Thursday

FirstEnergy (NYSE:FE) is scheduled to announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.71 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

FirstEnergy (NYSE:FE) last posted its quarterly earnings results on Friday, February 9th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. FirstEnergy had a net margin of 8.56% and a return on equity of 13.52%. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the firm posted $0.50 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts expect FirstEnergy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

FirstEnergy Trading Down 0.2 %

FirstEnergy stock opened at $38.12 on Wednesday. The firm’s 50-day moving average is $37.76 and its 200-day moving average is $37.07. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.38 and a current ratio of 0.48. FirstEnergy has a 1 year low of $32.18 and a 1 year high of $41.17. The company has a market cap of $21.94 billion, a P/E ratio of 21.06 and a beta of 0.48.

FirstEnergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a $0.425 dividend. The ex-dividend date is Monday, May 6th. This is an increase from FirstEnergy’s previous quarterly dividend of $0.41. This represents a $1.70 annualized dividend and a yield of 4.46%. FirstEnergy’s dividend payout ratio (DPR) is currently 93.92%.

Analysts Set New Price Targets

Several equities analysts have commented on FE shares. KeyCorp raised their target price on shares of FirstEnergy from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Scotiabank lowered their target price on shares of FirstEnergy from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Monday. Bank of America raised their target price on shares of FirstEnergy from $30.00 to $35.00 and gave the company an “underperform” rating in a research note on Tuesday. StockNews.com cut shares of FirstEnergy from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. Finally, The Goldman Sachs Group started coverage on shares of FirstEnergy in a research note on Wednesday, April 10th. They issued a “buy” rating and a $45.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $39.80.

About FirstEnergy

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities.