FirstEnergy (FE) Expected to Announce Earnings on Wednesday

FirstEnergy (NYSE:FE) is anticipated to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect FirstEnergy to post earnings of $0.70 per share and revenue of $3.53 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

FirstEnergy Trading Up 2.3 %

Shares of FE stock opened at $42.34 on Monday. FirstEnergy has a 52-week low of $36.01 and a 52-week high of $44.97. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.56. The firm has a market capitalization of $24.40 billion, a PE ratio of 27.32, a PEG ratio of 2.07 and a beta of 0.52. The stock has a fifty day simple moving average of $39.89 and a two-hundred day simple moving average of $41.77.

FirstEnergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 7th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.70 dividend on an annualized basis and a yield of 4.01%. FirstEnergy’s payout ratio is presently 109.68%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FE. Wolfe Research lowered FirstEnergy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 23rd. Seaport Res Ptn lowered FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. KeyCorp cut their price objective on FirstEnergy from $48.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, December 4th. Scotiabank upgraded FirstEnergy from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $45.00 to $50.00 in a research report on Thursday, December 12th. Finally, Morgan Stanley cut their price objective on FirstEnergy from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, FirstEnergy presently has an average rating of “Hold” and a consensus target price of $46.27.

FirstEnergy Company Profile

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.