Exelon (NASDAQ:EXC) Releases FY24 Earnings Guidance

Exelon (NASDAQ:EXC) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.40-2.50 for the period, compared to the consensus earnings per share estimate of $2.44.

Exelon Stock Down 1.3 %

NASDAQ EXC traded down $0.48 during trading on Friday, reaching $37.41. The company’s stock had a trading volume of 6,774,456 shares, compared to its average volume of 4,992,899. The company has a current ratio of 1.03, a quick ratio of 0.73 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $37.39 billion, a PE ratio of 16.13, a PEG ratio of 2.72 and a beta of 0.53. The business has a 50-day moving average price of $36.94 and a 200-day moving average price of $37.03. Exelon has a 1-year low of $33.35 and a 1-year high of $43.53.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. On average, research analysts forecast that Exelon will post 2.43 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date is Friday, May 10th. Exelon’s payout ratio is 65.52%.

Analysts Set New Price Targets

EXC has been the subject of a number of analyst reports. StockNews.com upgraded shares of Exelon from a sell rating to a hold rating in a research note on Monday, March 25th. Seaport Res Ptn lowered shares of Exelon from a buy rating to a neutral rating in a research report on Monday, January 8th. BMO Capital Markets boosted their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an outperform rating in a research report on Friday. Barclays boosted their price target on shares of Exelon from $36.00 to $39.00 and gave the company an overweight rating in a report on Thursday, March 14th. Finally, TheStreet lowered shares of Exelon from a b- rating to a c+ rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Exelon currently has a consensus rating of Hold and an average target price of $38.83.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.