Equities research analysts expect Exelon Co. (NYSE:EXC) to announce $9.24 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Exelon’s earnings. The highest sales estimate is $9.52 billion and the lowest is $8.96 billion. Exelon reported sales of $9.40 billion in the same quarter last year, which indicates a negative year over year growth rate of 1.7%. The business is expected to report its next quarterly earnings report on Thursday, November 7th.
On average, analysts expect that Exelon will report full-year sales of $32.24 billion for the current financial year, with estimates ranging from $26.47 billion to $36.02 billion. For the next year, analysts anticipate that the company will report sales of $31.83 billion, with estimates ranging from $25.38 billion to $36.50 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Exelon.
Exelon (NYSE:EXC) last posted its earnings results on Thursday, August 1st. The energy giant reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). The company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.03 billion. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 EPS.
EXC has been the subject of a number of research reports. ValuEngine cut shares of Exelon from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Barclays upgraded shares of Exelon from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $54.00 to $52.00 in a research note on Tuesday. They noted that the move was a valuation call. Goldman Sachs Group upgraded shares of Exelon from a “neutral” rating to a “buy” rating and raised their target price for the stock from $48.00 to $52.00 in a research note on Thursday, June 6th. KeyCorp initiated coverage on shares of Exelon in a research note on Tuesday, June 4th. They set a “sector weight” rating for the company. Finally, Morgan Stanley raised their target price on shares of Exelon from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, June 14th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $49.82.
In related news, CEO Calvin Butler, Jr. sold 31,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $47.59, for a total value of $1,475,290.00. Following the sale, the chief executive officer now directly owns 40,331 shares of the company’s stock, valued at $1,919,352.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth W. Cornew sold 54,300 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $49.82, for a total transaction of $2,705,226.00. Following the completion of the sale, the executive vice president now directly owns 97,813 shares in the company, valued at $4,873,043.66. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in EXC. AQR Capital Management LLC grew its position in Exelon by 37.0% during the first quarter. AQR Capital Management LLC now owns 24,339,629 shares of the energy giant’s stock valued at $1,216,738,000 after acquiring an additional 6,567,683 shares during the last quarter. BlackRock Inc. grew its position in Exelon by 2.1% during the second quarter. BlackRock Inc. now owns 73,786,054 shares of the energy giant’s stock valued at $3,537,307,000 after acquiring an additional 1,551,062 shares during the last quarter. First Trust Advisors LP grew its position in Exelon by 101.0% during the second quarter. First Trust Advisors LP now owns 2,173,317 shares of the energy giant’s stock valued at $104,189,000 after acquiring an additional 1,092,170 shares during the last quarter. Geode Capital Management LLC grew its position in Exelon by 8.4% during the fourth quarter. Geode Capital Management LLC now owns 12,839,080 shares of the energy giant’s stock valued at $578,058,000 after acquiring an additional 994,381 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Exelon by 28.1% during the first quarter. Janus Henderson Group PLC now owns 4,273,204 shares of the energy giant’s stock valued at $214,213,000 after acquiring an additional 937,755 shares during the last quarter. 79.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE EXC traded down $0.61 during mid-day trading on Wednesday, reaching $44.55. 3,200,929 shares of the company were exchanged, compared to its average volume of 5,403,170. The firm’s 50-day moving average is $47.05. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.77. The company has a market capitalization of $43.92 billion, a PE ratio of 14.28, a P/E/G ratio of 3.77 and a beta of 0.31. Exelon has a twelve month low of $42.19 and a twelve month high of $51.18.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be paid a $0.363 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.45 annualized dividend and a dividend yield of 3.26%. Exelon’s payout ratio is 46.47%.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company 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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