Exelon (NASDAQ:EXC) Issues FY24 Earnings Guidance

Exelon (NASDAQ:EXC) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.40-2.50 for the period, compared to the consensus estimate of $2.45. Exelon also updated its FY 2024 guidance to 2.400-2.500 EPS.

Analysts Set New Price Targets

EXC has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. UBS Group upped their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Barclays upped their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group assumed coverage on shares of Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target for the company. Finally, Morgan Stanley upped their price objective on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Exelon has an average rating of “Hold” and an average target price of $41.33.

Exelon Trading Up 0.2 %

Shares of EXC stock traded up $0.09 on Wednesday, reaching $39.64. The company had a trading volume of 532,950 shares, compared to its average volume of 6,711,289. The company has a 50-day moving average of $39.59 and a 200-day moving average of $37.67. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. The stock has a market cap of $39.66 billion, a PE ratio of 16.32, a PEG ratio of 2.90 and a beta of 0.53. Exelon has a 12 month low of $33.35 and a 12 month high of $41.48.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same period in the prior year, the business posted $0.41 EPS. On average, equities analysts forecast that Exelon will post 2.44 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.83%. Exelon’s payout ratio is 62.55%.

About Exelon

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.