FirstEnergy (NYSE:FE – Get Free Report) released its quarterly earnings data on Tuesday. The utilities provider reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.06), Briefing.com reports. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.96 billion. FirstEnergy had a net margin of 6.61% and a return on equity of 12.12%. FirstEnergy’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. FirstEnergy updated its FY24 guidance to $2.61-2.71 EPS and its FY 2024 guidance to 2.610-2.710 EPS.
FirstEnergy Stock Down 1.9 %
NYSE FE traded down $0.83 during trading hours on Wednesday, hitting $42.00. 3,272,990 shares of the company traded hands, compared to its average volume of 2,923,081. The stock has a market capitalization of $24.19 billion, a price-to-earnings ratio of 29.99, a P/E/G ratio of 2.28 and a beta of 0.50. FirstEnergy has a twelve month low of $34.92 and a twelve month high of $44.97. The business’s 50-day moving average is $43.69 and its 200-day moving average is $41.04. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.43 and a current ratio of 0.51.
FirstEnergy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.70 annualized dividend and a yield of 4.05%. FirstEnergy’s payout ratio is presently 120.57%.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on FE
About FirstEnergy
FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities.
Read More
- Five stocks we like better than FirstEnergy
- How to Calculate Return on Investment (ROI)
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- Stock Analyst Ratings and Canadian Analyst Ratings
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- What Is WallStreetBets and What Stocks Are They Targeting?
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Receive News & Ratings for FirstEnergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstEnergy and related companies with MarketBeat.com's FREE daily email newsletter.