FirstEnergy (NYSE:FE) announced its earnings results on Thursday, October 25th. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.09, Fidelity Earnings reports. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $2.82 billion. FirstEnergy had a negative net margin of 11.86% and a positive return on equity of 24.42%. FirstEnergy updated its FY 2018 guidance to $2.50-2.60 EPS.
Shares of FE opened at $38.77 on Friday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.41 and a current ratio of 0.45. FirstEnergy has a twelve month low of $29.33 and a twelve month high of $39.38. The company has a market capitalization of $19.83 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 2.54 and a beta of 0.24.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 7th will be paid a $0.38 dividend. The ex-dividend date is Wednesday, February 6th. This represents a $1.52 dividend on an annualized basis and a yield of 3.92%. This is a positive change from FirstEnergy’s previous quarterly dividend of $0.36. FirstEnergy’s payout ratio is presently 46.91%.
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FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates coal-fired, nuclear, hydroelectric, oil and natural gas, wind, and solar power generating facilities.
Further Reading: Return on Equity (ROE)
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