Zacks: Brokerages Expect Exelon Co. (EXC) to Announce $0.59 Earnings Per Share
Brokerages expect Exelon Co. (NYSE:EXC) to report $0.59 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Exelon’s earnings. The highest EPS estimate is $0.63 and the lowest is $0.56. Exelon reported earnings of $0.55 per share during the same quarter last year, which would indicate a positive year over year growth rate of 7.3%. The company is expected to report its next quarterly earnings report on Wednesday, February 6th.
On average, analysts expect that Exelon will report full year earnings of $3.12 per share for the current financial year, with EPS estimates ranging from $3.05 to $3.16. For the next year, analysts expect that the business will post earnings of $3.15 per share, with EPS estimates ranging from $3.00 to $3.28. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Exelon.
Exelon (NYSE:EXC) last posted its quarterly earnings results on Thursday, November 1st. The energy giant reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.88. The business had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $8.74 billion. Exelon had a net margin of 10.67% and a return on equity of 9.35%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS.
Exelon stock remained flat at $$45.79 during midday trading on Friday. 4,659,021 shares of the company’s stock traded hands, compared to its average volume of 5,393,200. Exelon has a 52 week low of $35.57 and a 52 week high of $47.40. The stock has a market cap of $43.53 billion, a P/E ratio of 17.61, a P/E/G ratio of 3.13 and a beta of 0.32. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.33 and a quick ratio of 1.16.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Balasa Dinverno & Foltz LLC grew its stake in Exelon by 6.9% during the third quarter. Balasa Dinverno & Foltz LLC now owns 37,598 shares of the energy giant’s stock worth $1,642,000 after buying an additional 2,437 shares during the period. California Public Employees Retirement System grew its position in Exelon by 26.1% in the 2nd quarter. California Public Employees Retirement System now owns 3,106,660 shares of the energy giant’s stock valued at $132,344,000 after buying an additional 643,409 shares in the last quarter. UMB Bank N A MO lifted its holdings in Exelon by 66.7% in the 3rd quarter. UMB Bank N A MO now owns 8,697 shares of the energy giant’s stock valued at $380,000 after acquiring an additional 3,480 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Exelon by 31.9% in the third quarter. Russell Investments Group Ltd. now owns 3,733,728 shares of the energy giant’s stock worth $161,330,000 after purchasing an additional 902,458 shares in the last quarter. Finally, Cerebellum GP LLC acquired a new position in Exelon in the third quarter worth approximately $185,000. Institutional investors own 78.52% of the company’s stock.
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.
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