Exelon Co. (EXC) Expected to Announce Earnings of $0.59 Per Share

Analysts expect that Exelon Co. (NYSE:EXC) will announce earnings of $0.59 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Exelon’s earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.61. Exelon reported earnings of $0.55 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.3%. The company is expected to issue its next quarterly earnings report on Wednesday, February 6th.

According to Zacks, analysts expect that Exelon will report full year earnings of $3.12 per share for the current fiscal year, with EPS estimates ranging from $3.05 to $3.16. For the next fiscal year, analysts forecast that the business will report earnings of $3.15 per share, with EPS estimates ranging from $3.00 to $3.28. Zacks’ EPS averages are an average based on a survey of research firms that follow Exelon.

Exelon (NYSE:EXC) last announced its earnings results on Thursday, November 1st. The energy giant reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.88. Exelon had a return on equity of 9.35% and a net margin of 10.67%. The firm had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $8.74 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year.

Several brokerages recently weighed in on EXC. Zacks Investment Research upgraded Exelon from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Monday, October 29th. JPMorgan Chase & Co. downgraded Exelon from an “overweight” rating to a “neutral” rating and set a $48.00 target price for the company. in a research note on Tuesday, October 9th. Macquarie increased their target price on Exelon from $45.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, September 24th. KeyCorp increased their target price on Exelon from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, August 17th. Finally, ValuEngine downgraded Exelon from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $46.22.

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Exelon by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 77,314,222 shares of the energy giant’s stock worth $3,375,540,000 after acquiring an additional 1,309,965 shares during the period. Morgan Stanley lifted its position in shares of Exelon by 30.6% in the 3rd quarter. Morgan Stanley now owns 3,925,149 shares of the energy giant’s stock worth $171,371,000 after acquiring an additional 919,460 shares during the period. Legal & General Group Plc lifted its position in shares of Exelon by 2.5% in the 3rd quarter. Legal & General Group Plc now owns 5,305,100 shares of the energy giant’s stock worth $231,566,000 after acquiring an additional 126,966 shares during the period. Standard Life Aberdeen plc lifted its position in shares of Exelon by 53.2% in the 3rd quarter. Standard Life Aberdeen plc now owns 2,259,222 shares of the energy giant’s stock worth $98,639,000 after acquiring an additional 784,313 shares during the period. Finally, Rehmann Capital Advisory Group raised its holdings in shares of Exelon by 4,633.1% in the 3rd quarter. Rehmann Capital Advisory Group now owns 796,812 shares of the energy giant’s stock worth $18,250,000 after buying an additional 779,977 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

NYSE:EXC traded down $0.10 during mid-day trading on Monday, hitting $44.75. 919,590 shares of the company’s stock traded hands, compared to its average volume of 5,794,793. Exelon has a 12 month low of $35.57 and a 12 month high of $46.32. The company has a market cap of $43.37 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 3.14 and a beta of 0.26. The company has a quick ratio of 1.16, a current ratio of 1.33 and a debt-to-equity ratio of 1.05.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Thursday, November 15th will be given a $0.345 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.08%. Exelon’s dividend payout ratio is currently 53.08%.

About Exelon

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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