Exelon (NASDAQ:EXC – Get Free Report) announced its earnings results on Wednesday. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04, Briefing.com reports. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period in the prior year, the business earned $0.67 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Exelon updated its FY 2024 guidance to 2.400-2.500 EPS and its FY24 guidance to $2.40-2.50 EPS.
Exelon Price Performance
NASDAQ:EXC traded down $0.47 during mid-day trading on Friday, reaching $38.83. The stock had a trading volume of 1,154,940 shares, compared to its average volume of 6,739,112. Exelon has a 12 month low of $33.35 and a 12 month high of $41.48. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.93. The stock has a market capitalization of $38.85 billion, a PE ratio of 16.06, a P/E/G ratio of 2.88 and a beta of 0.53. The stock has a 50-day simple moving average of $39.65 and a two-hundred day simple moving average of $37.70.
Exelon Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a $0.38 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.91%. Exelon’s dividend payout ratio (DPR) is 62.55%.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on Exelon
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.
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