Exelon Corporation (EXC) Updates FY17 Earnings Guidance

Exelon Corporation (NYSE:EXC) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $2.55-2.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.69.

Exelon Corporation (EXC) opened at $41.30 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06. Exelon Corporation has a 1-year low of $29.82 and a 1-year high of $41.56. The stock has a market cap of $39,651.63, a PE ratio of 16.65, a P/E/G ratio of 3.59 and a beta of 0.31.

Exelon Corporation (NYSE:EXC) last issued its earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.01). The firm had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.58 billion. Exelon Corporation had a return on equity of 8.19% and a net margin of 6.59%. Exelon Corporation’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. equities analysts predict that Exelon Corporation will post 2.65 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 15th will be issued a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio is currently 58.74%.

A number of research firms recently weighed in on EXC. Royal Bank Of Canada restated a buy rating and issued a $43.00 target price on shares of Exelon Corporation in a research report on Tuesday, November 7th. Zacks Investment Research upgraded Exelon Corporation from a sell rating to a hold rating in a research report on Friday, October 20th. Bank of America Corporation assumed coverage on Exelon Corporation in a research report on Tuesday, October 24th. They issued a buy rating and a $43.00 price objective for the company. J P Morgan Chase & Co boosted their price objective on Exelon Corporation from $40.00 to $42.00 and gave the company an overweight rating in a research report on Thursday, October 12th. Finally, SunTrust Banks, Inc. reissued a buy rating and set a $41.00 target price on shares of Exelon Corporation in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $40.64.

In related news, Chairman Mayo A. Shattuck III sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $41.13, for a total transaction of $4,113,000.00. Following the completion of the sale, the chairman now directly owns 267,649 shares of the company’s stock, valued at approximately $11,008,403.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mayo A. Shattuck III sold 567,070 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $40.12, for a total value of $22,750,848.40. Following the sale, the chairman now directly owns 746,986 shares of the company’s stock, valued at $29,969,078.32. The disclosure for this sale can be found here. Insiders have sold a total of 1,312,787 shares of company stock valued at $52,683,909 in the last 90 days. 0.70% of the stock is currently owned by company insiders.

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About Exelon Corporation

Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.

Earnings History and Estimates for Exelon Corporation (NYSE:EXC)

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