Brokerages Anticipate Exelon Co. (NYSE:EXC) Will Announce Quarterly Sales of $8.67 Billion

Wall Street analysts expect that Exelon Co. (NYSE:EXC) will announce $8.67 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Exelon’s earnings. The highest sales estimate is $8.75 billion and the lowest is $8.58 billion. Exelon reported sales of $8.93 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 2.9%. The business is expected to announce its next quarterly earnings report on Thursday, October 29th.

According to Zacks, analysts expect that Exelon will report full year sales of $30.85 billion for the current financial year, with estimates ranging from $26.61 billion to $33.04 billion. For the next financial year, analysts expect that the company will report sales of $30.30 billion, with estimates ranging from $24.35 billion to $33.75 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Exelon.

Exelon (NYSE:EXC) last announced its quarterly earnings data on Tuesday, August 4th. The energy giant reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.12. The firm had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $6.53 billion. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share.

Several analysts have issued reports on EXC shares. BofA Securities lowered Exelon from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $41.00 to $39.00 in a research note on Monday, August 17th. Credit Suisse Group restated a “buy” rating and issued a $46.00 target price on shares of Exelon in a research note on Wednesday, August 5th. Wells Fargo & Company lowered their target price on Exelon from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, August 24th. UBS Group lowered their target price on Exelon from $51.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. Finally, Mizuho lowered Exelon from a “neutral” rating to an “underperform” rating in a research note on Friday, July 24th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $45.38.

In related news, CEO Carim V. Khouzami sold 6,800 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $38.00, for a total transaction of $258,400.00. Following the completion of the transaction, the chief executive officer now directly owns 8,872 shares in the company, valued at $337,136. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.27% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of Exelon by 4.3% in the 2nd quarter. Principal Financial Group Inc. now owns 1,392,114 shares of the energy giant’s stock worth $50,520,000 after purchasing an additional 57,536 shares in the last quarter. Advisor OS LLC purchased a new position in shares of Exelon in the 2nd quarter worth about $388,000. Stephens Inc. AR boosted its holdings in shares of Exelon by 8.1% in the 2nd quarter. Stephens Inc. AR now owns 53,484 shares of the energy giant’s stock worth $1,941,000 after purchasing an additional 4,004 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of Exelon by 35.9% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 4,520 shares of the energy giant’s stock worth $164,000 after purchasing an additional 1,195 shares in the last quarter. Finally, Signet Financial Management LLC boosted its holdings in shares of Exelon by 5.8% in the 2nd quarter. Signet Financial Management LLC now owns 39,635 shares of the energy giant’s stock worth $1,518,000 after purchasing an additional 2,189 shares in the last quarter. Hedge funds and other institutional investors own 78.99% of the company’s stock.

Exelon stock traded up $0.22 during mid-day trading on Monday, reaching $35.74. 4,661,489 shares of the company’s stock were exchanged, compared to its average volume of 6,368,020. The firm has a market capitalization of $34.83 billion, a PE ratio of 11.46, a P/E/G ratio of 4.50 and a beta of 0.26. The business’s fifty day simple moving average is $36.64 and its 200 day simple moving average is $36.99. The company has a quick ratio of 0.77, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. Exelon has a one year low of $29.28 and a one year high of $50.54.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Friday, August 14th were paid a dividend of $0.3825 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $1.53 dividend on an annualized basis and a dividend yield of 4.28%. Exelon’s payout ratio is 49.04%.

Exelon Company Profile

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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