FirstEnergy (NYSE:FE – Get Free Report) issued its earnings results on Tuesday. The utilities provider reported $0.56 earnings per share for the quarter, hitting the consensus estimate of $0.56, Briefing.com reports. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.47 billion. FirstEnergy had a return on equity of 12.45% and a net margin of 8.22%. During the same period last year, the company posted $0.47 EPS.
FirstEnergy Price Performance
Shares of FE stock traded down $0.08 during trading hours on Wednesday, hitting $41.72. The company had a trading volume of 2,130,061 shares, compared to its average volume of 2,956,890. The firm has a market capitalization of $24.01 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 2.62 and a beta of 0.49. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.56 and a current ratio of 0.65. FirstEnergy has a 12 month low of $32.18 and a 12 month high of $42.14. The firm’s fifty day moving average is $39.14 and its 200 day moving average is $38.32.
FirstEnergy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be paid a $0.425 dividend. The ex-dividend date is Wednesday, August 7th. This represents a $1.70 annualized dividend and a dividend yield of 4.07%. FirstEnergy’s dividend payout ratio is currently 97.70%.
Analyst Ratings Changes
View Our Latest Analysis on FE
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.
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