FirstEnergy (FE) Expected to Announce Quarterly Earnings on Wednesday

FirstEnergy (NYSE:FE) will likely be posting 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 interested in listening to the company’s earnings conference call can do so using this link.

FirstEnergy Price Performance

Shares of NYSE:FE opened at $40.64 on Wednesday. The company has a market cap of $23.42 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 2.00 and a beta of 0.52. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.56 and a quick ratio of 0.46. The firm has a 50 day simple moving average of $39.82 and a 200 day simple moving average of $41.78. FirstEnergy has a one year low of $36.01 and a one year high of $44.97.

FirstEnergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 7th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Friday, February 7th. FirstEnergy’s payout ratio is 109.68%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Scotiabank raised shares of FirstEnergy from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $45.00 to $50.00 in a research note on Thursday, December 12th. Seaport Res Ptn cut shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Wolfe Research cut shares of FirstEnergy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 23rd. KeyCorp decreased their price target on shares of FirstEnergy from $48.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, December 4th. Finally, Morgan Stanley decreased their price target on shares of 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 assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.27.

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.