$7.55 Billion in Sales Expected for Exelon Co. (NYSE:EXC) This Quarter

Equities research analysts predict that Exelon Co. (NYSE:EXC) will post sales of $7.55 billion for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Exelon’s earnings. The highest sales estimate is $7.60 billion and the lowest is $7.50 billion. Exelon reported sales of $7.69 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 1.8%. The company is expected to announce its next earnings results on Thursday, August 6th.

According to Zacks, analysts expect that Exelon will report full-year sales of $30.49 billion for the current year, with estimates ranging from $24.71 billion to $33.59 billion. For the next financial year, analysts forecast that the business will post sales of $31.00 billion, with estimates ranging from $25.27 billion to $33.89 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Exelon.

Exelon (NYSE:EXC) last announced its quarterly earnings data on Friday, May 8th. The energy giant reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The firm had revenue of $8.75 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same period last year, the business posted $0.87 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year.

Several analysts have commented on the company. Barclays dropped their price objective on Exelon from $50.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Morgan Stanley raised their price objective on Exelon from $57.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Vertical Research raised Exelon from a “hold” rating to a “buy” rating in a report on Monday, May 11th. Mizuho raised their price objective on Exelon from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Finally, UBS Group dropped their price objective on Exelon from $51.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Exelon currently has a consensus rating of “Buy” and a consensus target price of $46.64.

A number of large investors have recently bought and sold shares of EXC. Wellington Management Group LLP raised its position in Exelon by 35.0% in the first quarter. Wellington Management Group LLP now owns 66,898,005 shares of the energy giant’s stock valued at $2,462,516,000 after purchasing an additional 17,354,482 shares during the period. Norges Bank purchased a new stake in Exelon in the fourth quarter valued at $373,127,000. Capital International Investors raised its position in Exelon by 43.7% in the fourth quarter. Capital International Investors now owns 25,629,964 shares of the energy giant’s stock valued at $1,168,470,000 after purchasing an additional 7,798,866 shares during the period. Invesco Ltd. raised its position in Exelon by 28.6% in the first quarter. Invesco Ltd. now owns 27,350,884 shares of the energy giant’s stock valued at $1,006,786,000 after purchasing an additional 6,084,882 shares during the period. Finally, Pictet Asset Management Ltd. raised its position in Exelon by 48.9% in the first quarter. Pictet Asset Management Ltd. now owns 11,791,265 shares of the energy giant’s stock valued at $434,036,000 after purchasing an additional 3,872,533 shares during the period. Institutional investors own 78.99% of the company’s stock.

EXC traded up $1.28 during trading on Monday, hitting $35.99. The company’s stock had a trading volume of 4,851,733 shares, compared to its average volume of 6,781,788. The company has a current ratio of 0.90, a quick ratio of 0.77 and a debt-to-equity ratio of 0.95. Exelon has a twelve month low of $29.28 and a twelve month high of $50.54. The business’s fifty day simple moving average is $37.64 and its 200 day simple moving average is $41.27. The firm has a market capitalization of $33.99 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 4.50 and a beta of 0.26.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a dividend of $0.3825 per share. This represents a $1.53 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Thursday, May 14th. Exelon’s dividend payout ratio (DPR) is currently 49.04%.

About Exelon

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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Earnings History and Estimates for Exelon (NYSE:EXC)

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