Wall Street brokerages expect FirstEnergy Corp. (NYSE:FE) to report earnings of $0.69 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for FirstEnergy’s earnings. The highest EPS estimate is $0.73 and the lowest is $0.66. FirstEnergy reported earnings of $0.38 per share in the same quarter last year, which suggests a positive year over year growth rate of 81.6%. The firm is expected to report its next quarterly earnings results after the market closes on Tuesday, February 20th.
On average, analysts expect that FirstEnergy will report full-year earnings of $3.06 per share for the current financial year, with EPS estimates ranging from $3.03 to $3.09. For the next financial year, analysts anticipate that the firm will report earnings of $2.59 per share, with EPS estimates ranging from $2.14 to $3.05. Zacks’ EPS calculations are an average based on a survey of research analysts that cover FirstEnergy.
A number of equities analysts have recently commented on FE shares. Bank of America started coverage on shares of FirstEnergy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $34.00 price objective for the company. Mizuho restated a “hold” rating and set a $30.50 price objective on shares of FirstEnergy in a research note on Tuesday, October 24th. ValuEngine upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Tuesday, January 2nd. Finally, Guggenheim restated a “buy” rating and set a $47.00 price objective on shares of FirstEnergy in a research note on Wednesday, January 3rd. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $35.33.
FirstEnergy (NYSE FE) traded up $0.24 during mid-day trading on Friday, reaching $33.03. The company’s stock had a trading volume of 4,791,471 shares, compared to its average volume of 9,720,000. The company has a market cap of $14,690.00, a PE ratio of -2.81, a PEG ratio of 12.88 and a beta of 0.35. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.56 and a current ratio of 0.69. FirstEnergy has a 52-week low of $27.93 and a 52-week high of $35.22.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.44 annualized dividend and a yield of 4.36%. FirstEnergy’s dividend payout ratio (DPR) is currently -12.23%.
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FirstEnergy Corp. is a holding company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other. As of December 31, 2016, the Regulated Distribution segment distributed electricity through the Company’s 10 utility operating companies, serving approximately six million customers, and purchased power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland.
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