Exelon Co. (EXC) Expected to Announce Quarterly Sales of $8.42 Billion

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Equities research analysts expect Exelon Co. (NYSE:EXC) to report $8.42 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Exelon’s earnings. The highest sales estimate is $8.87 billion and the lowest is $7.96 billion. Exelon posted sales of $8.77 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 4%. The company is expected to report its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that Exelon will report full-year sales of $32.67 billion for the current year, with estimates ranging from $28.70 billion to $35.19 billion. For the next financial year, analysts anticipate that the company will post sales of $31.99 billion per share, with estimates ranging from $26.18 billion to $35.25 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Exelon.

Exelon (NYSE:EXC) last posted its quarterly earnings data on Thursday, August 2nd. The energy giant reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. The company had revenue of $8.08 billion for the quarter, compared to analyst estimates of $7.39 billion. Exelon had a net margin of 11.25% and a return on equity of 9.48%. Exelon’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share.

EXC has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Exelon from a “buy” rating to a “hold” rating in a research note on Wednesday, June 13th. ValuEngine upgraded shares of Exelon from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Morgan Stanley dropped their price objective on shares of Exelon from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 13th. Guggenheim restated a “buy” rating and issued a $51.00 price objective on shares of Exelon in a research note on Monday, July 23rd. Finally, KeyCorp lifted their price objective on shares of Exelon from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, May 30th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $44.50.

Institutional investors have recently modified their holdings of the company. Highstreet Asset Management Inc. grew its position in Exelon by 1,475.0% during the second quarter. Highstreet Asset Management Inc. now owns 9,891 shares of the energy giant’s stock worth $421,000 after buying an additional 9,263 shares during the period. ClariVest Asset Management LLC grew its position in Exelon by 9.0% during the second quarter. ClariVest Asset Management LLC now owns 23,198 shares of the energy giant’s stock worth $989,000 after buying an additional 1,921 shares during the period. ING Groep NV grew its position in Exelon by 295.3% during the second quarter. ING Groep NV now owns 110,757 shares of the energy giant’s stock worth $4,718,000 after buying an additional 82,738 shares during the period. Employees Retirement System of Texas grew its position in Exelon by 190.9% during the second quarter. Employees Retirement System of Texas now owns 127,976 shares of the energy giant’s stock worth $5,452,000 after buying an additional 83,976 shares during the period. Finally, Riverhead Capital Management LLC grew its position in Exelon by 35.1% during the second quarter. Riverhead Capital Management LLC now owns 281,075 shares of the energy giant’s stock worth $11,974,000 after buying an additional 73,034 shares during the period. Institutional investors and hedge funds own 77.78% of the company’s stock.

NYSE EXC traded down $0.24 during trading on Friday, reaching $43.13. The company’s stock had a trading volume of 4,463,115 shares, compared to its average volume of 5,172,603. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.03 and a current ratio of 1.19. The firm has a market cap of $41.89 billion, a PE ratio of 16.59, a P/E/G ratio of 2.48 and a beta of 0.20. Exelon has a twelve month low of $35.57 and a twelve month high of $43.74.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Wednesday, August 15th will be paid a dividend of $0.345 per share. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.20%. Exelon’s dividend payout ratio (DPR) is 53.08%.

Exelon Co is an utilities company in the Electric Utilities industry.

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