Analysts Anticipate Exelon Co. (NYSE:EXC) to Announce $0.79 EPS

Equities analysts forecast that Exelon Co. (NYSE:EXC) will post earnings of $0.79 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Exelon’s earnings. The highest EPS estimate is $0.87 and the lowest is $0.72. Exelon reported earnings of $0.58 per share during the same quarter last year, which would suggest a positive year over year growth rate of 36.2%. The firm is expected to issue its next earnings report on Friday, February 14th.

On average, analysts expect that Exelon will report full-year earnings of $3.16 per share for the current financial year, with EPS estimates ranging from $3.10 to $3.27. For the next fiscal year, analysts forecast that the business will report earnings of $3.13 per share, with EPS estimates ranging from $3.02 to $3.28. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Exelon.

Exelon (NYSE:EXC) last posted its quarterly earnings data on Thursday, October 31st. The energy giant reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.03. The firm had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $8.70 billion. Exelon had a net margin of 6.43% and a return on equity of 8.47%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 EPS.

A number of equities analysts have issued reports on EXC shares. Wells Fargo & Co set a $54.00 price objective on shares of Exelon and gave the stock a “buy” rating in a report on Friday, November 1st. Credit Suisse Group cut their price objective on shares of Exelon from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. UBS Group lifted their price objective on shares of Exelon from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Wolfe Research set a $55.00 price objective on shares of Exelon and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Barclays reaffirmed a “buy” rating and set a $54.00 price objective on shares of Exelon in a report on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $52.00.

EXC traded up $0.28 during mid-day trading on Wednesday, reaching $44.54. 5,112,911 shares of the stock were exchanged, compared to its average volume of 5,725,443. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.77 and a current ratio of 0.90. The stock has a market capitalization of $42.74 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 4.50 and a beta of 0.26. The company has a 50 day moving average price of $44.98 and a two-hundred day moving average price of $47.12. Exelon has a 1 year low of $43.10 and a 1 year high of $51.18.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.3625 dividend. This represents a $1.45 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Thursday, November 14th. Exelon’s dividend payout ratio (DPR) is currently 46.47%.

Several large investors have recently modified their holdings of EXC. Nuveen Asset Management LLC boosted its holdings in shares of Exelon by 16,120.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 5,935,141 shares of the energy giant’s stock worth $284,531,000 after buying an additional 5,898,551 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Exelon by 583.1% in the 3rd quarter. Millennium Management LLC now owns 1,326,047 shares of the energy giant’s stock worth $64,061,000 after buying an additional 1,600,547 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Exelon by 2.1% in the 2nd quarter. BlackRock Inc. now owns 73,786,054 shares of the energy giant’s stock worth $3,537,307,000 after buying an additional 1,551,062 shares during the last quarter. State of Michigan Retirement System boosted its holdings in shares of Exelon by 645.6% in the 3rd quarter. State of Michigan Retirement System now owns 1,733,597 shares of the energy giant’s stock worth $83,750,000 after buying an additional 1,501,100 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Exelon by 101.0% in the 2nd quarter. First Trust Advisors LP now owns 2,173,317 shares of the energy giant’s stock worth $104,189,000 after buying an additional 1,092,170 shares during the last quarter. 78.99% of the stock is currently owned by institutional investors.

About Exelon

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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