Exelon (EXC) to Release Quarterly Earnings on Thursday

Exelon (NASDAQ:EXC - Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce 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.Parties that wish to listen to the company's conference call can do so using this link.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The company had revenue of $5.37 billion during the quarter, compared to analyst estimates of $3.87 billion. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The firm's revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior 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 Performance

EXC traded down $0.11 during trading on Thursday, hitting $37.66. 3,958,211 shares of the company traded hands, compared to its average volume of 6,607,048. The firm has a market cap of $37.64 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. The stock's fifty day moving average is $36.69 and its 200 day moving average is $37.11. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. Exelon has a one year low of $33.35 and a one year high of $43.54.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date was Friday, March 1st. This is a positive change from Exelon's previous quarterly dividend of $0.36. Exelon's dividend payout ratio (DPR) is currently 65.24%.

Wall Street Analyst Weigh In

EXC has been the subject of a number of analyst reports. Seaport Res Ptn lowered shares of Exelon from a "buy" rating to a "neutral" rating in a research report on Monday, January 8th. Bank of America lowered their target price on shares of Exelon from $38.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, January 19th. Wells Fargo & Company lowered their target price on shares of Exelon from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 22nd. UBS Group downgraded shares of Exelon from a "buy" rating to a "neutral" rating and lowered their target price for the company from $47.00 to $37.00 in a research note on Tuesday, January 2nd. Finally, StockNews.com raised shares of Exelon from a "sell" rating to a "hold" rating in a research note on Monday, March 25th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $38.92.

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.