FirstEnergy (FE) Expected to Announce Earnings on Thursday

FirstEnergy (NYSE:FE) will likely be releasing its earnings data before the market opens on Thursday, February 13th. Analysts expect FirstEnergy to post earnings of $0.70 per share and revenue of $3.53 billion for the quarter.

FirstEnergy Price Performance

Shares of FE stock opened at $39.82 on Tuesday. The business’s fifty day moving average is $39.95 and its 200 day moving average is $41.85. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 1.58. The stock has a market cap of $22.95 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 2.01 and a beta of 0.52. FirstEnergy has a twelve month low of $36.01 and a twelve month high of $44.97.

FirstEnergy Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.70 annualized dividend and a dividend yield of 4.27%. FirstEnergy’s payout ratio is 109.68%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FE. Wolfe Research downgraded shares of FirstEnergy from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 23rd. Seaport Res Ptn cut FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on FirstEnergy from $45.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Morgan Stanley reduced their price target on FirstEnergy from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Finally, Scotiabank upgraded shares of FirstEnergy from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $45.00 to $50.00 in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, FirstEnergy presently has an average rating of “Hold” and a consensus 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.