FirstEnergy (NYSE:FE) Updates FY 2021 Earnings Guidance

FirstEnergy (NYSE:FE) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.550-$2.650 for the period, compared to the Thomson Reuters consensus estimate of $2.600. The company issued revenue guidance of -.

Several equities analysts have recently issued reports on FE shares. Barclays lowered their price target on FirstEnergy from $41.00 to $40.00 and set an equal weight rating for the company in a research report on Wednesday, November 3rd. Wells Fargo & Company raised FirstEnergy from an underweight rating to an equal weight rating and set a $42.00 price objective for the company in a report on Tuesday, November 2nd. Morgan Stanley lowered their target price on FirstEnergy from $48.00 to $47.00 and set an overweight rating on the stock in a report on Friday, September 17th. Finally, KeyCorp boosted their price target on FirstEnergy from $42.00 to $43.00 and gave the company an overweight rating in a report on Tuesday, October 19th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Buy and an average target price of $41.17.

Shares of FE traded down $0.03 during mid-day trading on Thursday, reaching $38.91. 1,406,403 shares of the company’s stock traded hands, compared to its average volume of 3,599,247. The company has a debt-to-equity ratio of 3.01, a current ratio of 0.62 and a quick ratio of 0.56. The stock’s 50-day moving average is $37.55 and its two-hundred day moving average is $37.89. FirstEnergy has a 12 month low of $26.17 and a 12 month high of $39.94. The stock has a market cap of $21.18 billion, a P/E ratio of 19.17, a P/E/G ratio of 2.03 and a beta of 0.32.

FirstEnergy (NYSE:FE) last posted its earnings results on Thursday, October 28th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. FirstEnergy had a return on equity of 17.84% and a net margin of 9.97%. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Research analysts predict that FirstEnergy will post 2.6 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 1st. Investors of record on Friday, November 5th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, November 4th. This represents a $1.56 annualized dividend and a yield of 4.01%. FirstEnergy’s dividend payout ratio (DPR) is 76.85%.

FirstEnergy Company Profile

FirstEnergy Corp. engages in the generation, transmission and distribution of electricity as well as energy management and other energy-related services through its subsidiaries. It operates through the following business segments: Regulated Distribution, Regulated Transmission and Corporate. The Regulated Distribution segment distributes electricity through FirstEnergy’s utility operating companies, serving various customers.

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Earnings History and Estimates for FirstEnergy (NYSE:FE)

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