Exelon (EXC) to Release Earnings on Thursday

Exelon (NASDAQ:EXC) will be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect Exelon to post earnings of $0.71 per share for the quarter. Exelon has set its FY 2024 guidance at 2.400-2.500 EPS and its FY24 guidance at $2.40-2.50 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $5.37 billion during the quarter, compared to analyst estimates of $3.87 billion. Exelon had a return on equity of 9.40% and a net margin of 10.72%. Exelon’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. On average, analysts expect Exelon to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Exelon Stock Up 0.6 %

Shares of NASDAQ EXC opened at $37.77 on Thursday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81. The firm has a market capitalization of $37.75 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 2.75 and a beta of 0.54. The stock has a 50 day moving average price of $36.63 and a 200 day moving average price of $37.11. Exelon has a 52-week low of $33.35 and a 52-week high of $43.71.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a $0.38 dividend. This is a positive change from Exelon’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.02%. Exelon’s payout ratio is presently 65.24%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EXC shares. Seaport Res Ptn lowered Exelon from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Bank of America lowered their target price on Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 19th. Barclays upped their target price on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. Finally, Mizuho upgraded Exelon from a “neutral” rating to a “buy” rating and upped their target price for the stock from $36.00 to $39.00 in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $38.92.

About Exelon

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.