PG&E (PCG) Scheduled to Post Quarterly Earnings on Thursday

PG&E (NYSE:PCG) will be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect PG&E to post earnings of $0.35 per share for the quarter. PG&E has set its FY 2024 guidance at 1.330-1.370 EPS and its FY24 guidance at $1.33-$1.37 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

PG&E (NYSE:PCG) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $7.04 billion during the quarter, compared to analysts’ expectations of $6.43 billion. PG&E had a net margin of 9.24% and a return on equity of 10.84%. During the same period last year, the company posted $0.26 earnings per share. On average, analysts expect PG&E to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

PG&E Trading Up 0.1 %

NYSE:PCG opened at $16.96 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.78 and a debt-to-equity ratio of 2.04. The stock has a market capitalization of $36.24 billion, a price-to-earnings ratio of 16.15 and a beta of 1.32. The firm has a fifty day simple moving average of $16.55 and a two-hundred day simple moving average of $16.88. PG&E has a 12 month low of $14.71 and a 12 month high of $18.32.

PG&E Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Wednesday, March 27th. PG&E’s dividend payout ratio is currently 3.81%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays reduced their price objective on shares of PG&E from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, January 22nd. StockNews.com raised shares of PG&E from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. boosted their price target on shares of PG&E from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, The Goldman Sachs Group began coverage on shares of PG&E in a research note on Wednesday, April 10th. They set a “buy” rating and a $21.00 price objective for the company. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, PG&E currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.89.

About PG&E

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.