Analysts expect Exelon Co. (NYSE:EXC) to post $7.55 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Exelon’s earnings. The lowest sales estimate is $7.50 billion and the highest is $7.60 billion. Exelon posted sales of $7.69 billion during the same quarter last year, which would indicate a negative year over year growth rate of 1.8%. The business is expected to announce its next earnings results on Thursday, August 6th.
On average, analysts expect that Exelon will report full-year sales of $30.49 billion for the current fiscal year, with estimates ranging from $24.71 billion to $33.59 billion. For the next year, analysts expect that the firm will post sales of $31.00 billion, with estimates ranging from $25.27 billion to $33.89 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Exelon.
Exelon (NYSE:EXC) last announced its earnings results on Friday, May 8th. The energy giant reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.02. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The business had revenue of $8.75 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period in the previous year, the company earned $0.87 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year.
Shares of NYSE EXC traded up $1.28 during midday trading on Monday, reaching $35.99. 4,851,733 shares of the company’s stock were exchanged, compared to its average volume of 6,781,788. Exelon has a 52-week low of $29.28 and a 52-week high of $50.54. The stock has a market capitalization of $33.99 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 4.50 and a beta of 0.26. 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 business’s fifty day moving average price is $37.64 and its two-hundred day moving average price is $41.27.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a $0.3825 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.53 dividend on an annualized basis and a yield of 4.25%. Exelon’s payout ratio is currently 49.04%.
Several hedge funds and other institutional investors have recently modified their holdings of EXC. Brooktree Capital Management boosted its position in shares of Exelon by 100.0% during the first quarter. Brooktree Capital Management now owns 800 shares of the energy giant’s stock worth $29,000 after buying an additional 400 shares during the period. MBE Wealth Management LLC acquired a new position in shares of Exelon during the first quarter worth approximately $29,000. Ancora Advisors LLC acquired a new position in shares of Exelon during the fourth quarter worth approximately $31,000. Citizens Financial Group Inc RI boosted its position in shares of Exelon by 136.0% during the fourth quarter. Citizens Financial Group Inc RI now owns 715 shares of the energy giant’s stock worth $32,000 after buying an additional 412 shares during the period. Finally, McIlrath & Eck LLC acquired a new position in shares of Exelon during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 78.99% of the company’s stock.
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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