Exelon (NASDAQ:EXC – Get Free Report) released its earnings results on Wednesday. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04, Briefing.com reports. The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 EPS. Exelon updated its FY 2024 guidance to 2.400-2.500 EPS and its FY24 guidance to $2.40-2.50 EPS.
Exelon Stock Performance
NASDAQ EXC traded down $0.26 on Thursday, hitting $39.44. The stock had a trading volume of 2,293,157 shares, compared to its average volume of 6,732,650. The company’s 50-day moving average is $39.62 and its two-hundred day moving average is $37.69. Exelon has a one year low of $33.35 and a one year high of $41.48. The stock has a market cap of $39.46 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 2.90 and a beta of 0.53. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66.
Exelon Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Monday, November 11th. Exelon’s payout ratio is 62.55%.
Analysts Set New Price Targets
Read Our Latest Analysis on EXC
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.
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