Q1 2019 EPS Estimates for Exelon Raised by SunTrust Banks (EXC)

Exelon (NYSE:EXC) – SunTrust Banks increased their Q1 2019 earnings per share (EPS) estimates for Exelon in a note issued to investors on Friday, April 13th. SunTrust Banks analyst A. Agha now forecasts that the energy giant will post earnings per share of $0.75 for the quarter, up from their previous forecast of $0.74. SunTrust Banks has a “Buy” rating and a $44.00 price objective on the stock. SunTrust Banks also issued estimates for Exelon’s FY2019 earnings at $3.10 EPS, Q1 2020 earnings at $0.72 EPS and FY2020 earnings at $3.07 EPS.

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Exelon (NYSE:EXC) last posted its earnings results on Wednesday, February 7th. The energy giant reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.05). Exelon had a return on equity of 8.35% and a net margin of 11.53%. The business had revenue of $8.38 billion for the quarter, compared to analysts’ expectations of $7.66 billion. During the same quarter in the previous year, the firm earned $0.44 earnings per share. Exelon’s quarterly revenue was up 6.4% compared to the same quarter last year.

Other research analysts have also issued research reports about the company. Credit Suisse Group lowered Exelon to a “hold” rating and set a $42.00 price target for the company. in a research report on Wednesday, April 4th. JPMorgan Chase upped their price target on Exelon from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, April 10th. Zacks Investment Research lowered Exelon from a “buy” rating to a “hold” rating in a research report on Tuesday, April 10th. Goldman Sachs upgraded Exelon from a “sell” rating to a “neutral” rating and upped their target price for the stock from $33.30 to $43.00 in a report on Wednesday, March 28th. Finally, Morgan Stanley upped their target price on Exelon from $40.00 to $43.00 and gave the stock an “equal weight” rating in a report on Monday. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $41.72.

EXC opened at $38.59 on Monday. Exelon has a 12-month low of $33.30 and a 12-month high of $42.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.10 and a quick ratio of 0.94. The stock has a market capitalization of $36,999.23, a PE ratio of 14.84, a PEG ratio of 2.52 and a beta of 0.16.

In other Exelon news, CEO Calvin Butler, Jr. sold 25,000 shares of the firm’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $37.94, for a total value of $948,500.00. Following the completion of the sale, the chief executive officer now owns 19,429 shares of the company’s stock, valued at $737,136.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. NuWave Investment Management LLC bought a new stake in shares of Exelon during the fourth quarter valued at approximately $105,000. Delpha Capital Management LLC bought a new position in Exelon in the fourth quarter worth approximately $108,000. We Are One Seven LLC bought a new position in Exelon in the fourth quarter worth approximately $117,000. Baker Ellis Asset Management LLC bought a new position in Exelon in the fourth quarter worth approximately $118,000. Finally, Cerebellum GP LLC purchased a new position in Exelon in the fourth quarter worth $122,000. 78.09% of the stock is owned by hedge funds and other institutional investors.

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Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

Earnings History and Estimates for Exelon (NYSE:EXC)

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