Exelon (EXC) to Release Earnings on Thursday

Exelon (NASDAQ:EXC) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Exelon has set its FY24 guidance at $2.40-2.50 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, May 2nd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Exelon had a net margin of 10.44% and a return on equity of 9.27%. The firm had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.70 billion. On average, analysts expect Exelon to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Exelon Stock Performance

Exelon stock opened at $37.22 on Wednesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.03 and a quick ratio of 0.93. The stock has a fifty day moving average price of $35.78 and a two-hundred day moving average price of $36.20. Exelon has a 52-week low of $33.35 and a 52-week high of $42.15. The firm has a market capitalization of $37.22 billion, a P/E ratio of 16.04, a P/E/G ratio of 2.69 and a beta of 0.52.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Monday, August 12th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.08%. Exelon’s dividend payout ratio is currently 65.52%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EXC. Wells Fargo & Company increased their price objective on Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Barclays increased their price objective on Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Morgan Stanley dropped their price objective on Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. BMO Capital Markets increased their price objective on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Finally, Scotiabank lowered their target price on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $39.09.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.