Exelon (NASDAQ:EXC – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.40-2.50 for the period, compared to the consensus estimate of $2.45. Exelon also updated its FY 2024 guidance to 2.400-2.500 EPS.
Wall Street Analyst Weigh In
EXC has been the subject of a number of research analyst reports. Scotiabank boosted their price target on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Barclays lifted their target price on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Morgan Stanley increased their price target on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective on the stock. Finally, UBS Group raised their target price on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.33.
Read Our Latest Stock Analysis on EXC
Exelon Stock Up 0.2 %
Exelon (NASDAQ:EXC – Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same period in the prior year, the firm posted $0.41 earnings per share. On average, sell-side analysts forecast that Exelon will post 2.44 EPS for the current year.
Exelon Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.83%. Exelon’s dividend payout ratio is currently 62.55%.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.
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