FirstEnergy (FE) Expected to Announce Earnings on Thursday

FirstEnergy (NYSE:FE) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.70 per share and revenue of $3.53 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

FirstEnergy Stock Up 1.5 %

FE stock opened at $40.45 on Wednesday. The company has a fifty day moving average price of $39.91 and a 200 day moving average price of $41.85. FirstEnergy has a 12 month low of $36.01 and a 12 month high of $44.97. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.56 and a quick ratio of 0.46. The company has a market cap of $23.31 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 2.01 and a beta of 0.52.

FirstEnergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 7th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Friday, February 7th. FirstEnergy’s dividend payout ratio (DPR) is presently 109.68%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FE shares. Morgan Stanley decreased their price objective on FirstEnergy from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Seaport Res Ptn lowered shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Wolfe Research downgraded shares of FirstEnergy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 23rd. Scotiabank raised shares of FirstEnergy from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $45.00 to $50.00 in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. increased their price target on shares of FirstEnergy from $45.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $46.27.

About FirstEnergy

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.