PG&E (NYSE:PCG – Get Free Report) issued its quarterly earnings results on Thursday. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02, Briefing.com reports. PG&E had a return on equity of 11.48% and a net margin of 10.05%. The company had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter in the prior year, the business posted $0.29 earnings per share. PG&E’s revenue for the quarter was down 5.6% on a year-over-year basis. PG&E updated its FY 2024 guidance to 1.330-1.370 EPS and its FY24 guidance to $1.33-1.37 EPS.
PG&E Trading Down 0.2 %
PCG opened at $17.03 on Friday. The firm has a market capitalization of $36.39 billion, a price-to-earnings ratio of 15.21 and a beta of 1.32. The company’s 50 day simple moving average is $16.58 and its two-hundred day simple moving average is $16.90. PG&E has a 1-year low of $14.71 and a 1-year high of $18.32. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.83 and a quick ratio of 0.78.
PG&E Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.23%. PG&E’s payout ratio is presently 3.57%.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on PCG
About PG&E
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.
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