FirstEnergy (FE) to Release Earnings on Thursday

FirstEnergy (NYSE:FE) will likely be announcing its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.70 per share and revenue of $4.05 billion for the quarter.

FirstEnergy Price Performance

Shares of NYSE FE opened at $40.23 on Thursday. 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 company has a 50 day simple moving average of $40.10 and a two-hundred day simple moving average of $41.85. FirstEnergy has a fifty-two week low of $35.41 and a fifty-two week high of $44.97. The company has a market capitalization of $23.18 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 1.99 and a beta of 0.52.

FirstEnergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 7th will be paid a dividend of $0.425 per share. 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 4.23%. FirstEnergy’s dividend payout ratio is currently 109.68%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FE. Seaport Res Ptn cut FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Jefferies Financial Group began coverage on FirstEnergy in a research report on Monday, October 14th. They set a “hold” rating and a $46.00 price objective on the stock. Scotiabank upgraded FirstEnergy from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $45.00 to $50.00 in a report on Thursday, December 12th. Morgan Stanley lowered their target price on shares of FirstEnergy from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, KeyCorp reduced their price target on shares of FirstEnergy from $48.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.