S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20

FirstEnergy (NYSE:FE) Issues FY 2021 Earnings Guidance

Last updated on Thursday, November 25, 2021 | 2021 MarketBeat

FirstEnergy (NYSE:FE) updated its FY 2021 earnings guidance on Thursday. The company provided EPS guidance of $2.550-$2.650 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.600. The company issued revenue guidance of -.

A number of brokerages recently weighed in on FE. Barclays decreased their price objective on shares of FirstEnergy from $41.00 to $40.00 and set an equal weight rating for the company in a report on Wednesday, November 3rd. KeyCorp lifted their target price on shares of FirstEnergy from $42.00 to $43.00 and gave the stock an overweight rating in a research report on Tuesday, October 19th. Wells Fargo & Company raised shares of FirstEnergy from an underweight rating to an equal weight rating and set a $42.00 target price for the company in a research report on Tuesday, November 2nd. Finally, Morgan Stanley cut their target price on shares of FirstEnergy from $48.00 to $47.00 and set an overweight rating for the company in a research report on Friday, September 17th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus price target of $41.17.

Shares of FE stock opened at $38.91 on Thursday. The stock has a market cap of $21.18 billion, a P/E ratio of 19.17, a PEG ratio of 2.03 and a beta of 0.32. FirstEnergy has a 52 week low of $26.17 and a 52 week high of $39.94. The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 3.01. The company's fifty day simple moving average is $37.52 and its two-hundred day simple moving average is $37.88.

FirstEnergy (NYSE:FE) last announced its quarterly earnings results on Thursday, October 28th. The utilities provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.79 by $0.03. The business had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $3.11 billion. FirstEnergy had a net margin of 9.97% and a return on equity of 17.84%. The business's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 EPS. On average, analysts anticipate that FirstEnergy will post 2.6 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 1st. Stockholders of record on Friday, November 5th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Thursday, November 4th. FirstEnergy's dividend payout ratio is 76.85%.

About FirstEnergy

FirstEnergy Corp. engages in the generation, transmission and distribution of electricity as well as energy management and other energy-related services through its subsidiaries. It operates through the following business segments: Regulated Distribution, Regulated Transmission and Corporate. The Regulated Distribution segment distributes electricity through FirstEnergy's utility operating companies, serving various customers.

See Also: Why is the price target of stocks important?

Earnings History and Estimates for FirstEnergy (NYSE:FE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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