FirstEnergy (FE) Expected to Announce Earnings on Wednesday

FirstEnergy (NYSE:FE) is expected to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect FirstEnergy to post earnings of $0.70 per share and revenue of $3.53 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

FirstEnergy Stock Performance

FE stock opened at $42.34 on Monday. The stock has a market capitalization of $24.40 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 2.07 and a beta of 0.52. FirstEnergy has a 12-month low of $36.01 and a 12-month high of $44.97. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58. The stock’s 50 day simple moving average is $39.89 and its 200 day simple moving average is $41.77.

FirstEnergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 7th will be issued a dividend of $0.425 per share. The ex-dividend date is Friday, February 7th. This represents a $1.70 annualized dividend and a dividend yield of 4.01%. FirstEnergy’s payout ratio is 109.68%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FE shares. Wolfe Research cut FirstEnergy from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 23rd. Morgan Stanley lowered their price target on FirstEnergy from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. KeyCorp lowered their price target on FirstEnergy from $48.00 to $47.00 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. Scotiabank raised FirstEnergy from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $45.00 to $50.00 in a report on Thursday, December 12th. Finally, Seaport Res Ptn cut FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $46.27.

FirstEnergy Company Profile

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities.