FY2024 Earnings Forecast for Exelon Issued By Zacks Research

Exelon Co. (NASDAQ:EXC) – Analysts at Zacks Research lifted their FY2024 earnings per share (EPS) estimates for Exelon in a research note issued to investors on Wednesday, November 20th. Zacks Research analyst R. Department now expects that the company will earn $2.48 per share for the year, up from their prior forecast of $2.43. The consensus estimate for Exelon’s current full-year earnings is $2.46 per share. Zacks Research also issued estimates for Exelon’s FY2025 earnings at $2.58 EPS and Q2 2026 earnings at $0.54 EPS.

Several other equities research analysts also recently weighed in on EXC. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price on the stock. Barclays boosted their target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank increased their price target on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. UBS Group upped their price objective on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Finally, Wells Fargo & Company lifted 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. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $41.25.

Exelon Price Performance

Shares of Exelon stock opened at $39.49 on Monday. The stock has a 50 day moving average of $39.60 and a 200 day moving average of $37.85. Exelon has a 12 month low of $33.35 and a 12 month high of $41.42. The firm has a market cap of $39.68 billion, a PE ratio of 16.25, a PEG ratio of 2.76 and a beta of 0.54. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year.

Exelon Dividend Announcement

The business also recently announced 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. This represents a $1.52 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Institutional Trading of Exelon

Several institutional investors and hedge funds have recently bought and sold shares of the business. Synovus Financial Corp lifted its stake in Exelon by 70.5% during the 3rd quarter. Synovus Financial Corp now owns 18,649 shares of the company’s stock valued at $756,000 after acquiring an additional 7,713 shares during the period. Tidal Investments LLC lifted its stake in shares of Exelon by 6.5% in the 3rd quarter. Tidal Investments LLC now owns 44,458 shares of the company’s stock valued at $1,803,000 after purchasing an additional 2,718 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Exelon in the 3rd quarter valued at $376,000. Sanctuary Advisors LLC lifted its stake in shares of Exelon by 24.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 40,438 shares of the company’s stock valued at $1,565,000 after purchasing an additional 7,894 shares during the period. Finally, Te Ahumairangi Investment Management Ltd lifted its stake in shares of Exelon by 3.1% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 85,600 shares of the company’s stock valued at $3,451,000 after purchasing an additional 2,600 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

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.