Firstenergy Corp. [FE] stock is trading at $38.27, up 0.34%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FE shares have lost -0.49% over the last week, with a monthly amount glided 3.40%, and seem to be holding up well over a long-time horizon.
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On 3, April 2024, FirstEnergy to Webcast First Quarter Earnings Teleconference. In a post published today on Yahoo Finance, FirstEnergy Corp. (NYSE: FE) will release financial results for the first quarter of 2024 after markets close on Thursday, April 25. These results will be discussed by FirstEnergy management during a conference call with financial analysts at 10 a.m. EDT on Friday, April 26. A question-and-answer session will follow.
From an analyst’s perspective:
Firstenergy Corp. [NYSE: FE] stock has seen the most recent analyst activity on August 23, 2023, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $37. Previously, UBS downgraded its rating to Neutral on August 07, 2023, and dropped its price target to $40. On January 23, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $46 on the stock. BofA Securities downgraded its rating to a Underperform and decreased its price target to $38 on January 23, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $44 on May 16, 2022. Credit Suisse started tracking with a Outperform rating for this stock on April 26, 2022, and assigned it a price target of $51. In a note dated January 07, 2022, Evercore ISI upgraded an Outperform rating on this stock and boosted its target price from $40 to $46.
Firstenergy Corp. [FE] stock has fluctuated between $32.18 and $41.99 over the past year. Currently, Wall Street analysts expect the stock to reach $44.83 within the next 12 months. Firstenergy Corp. [NYSE: FE] shares were valued at $38.27 at the most recent close of the market. An investor can expect a potential return of 17.14% based on the average FE price forecast.
Analyzing the FE fundamentals
Firstenergy Corp. [NYSE:FE] reported sales of 12.87B for the trailing twelve months, which represents a drop of -0.98%. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.11 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.39.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 37.96 points at the first support level, and at 37.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.53, and for the 2nd resistance point, it is at 38.78.
Firstenergy Corp. [FE] reported earnings per share of $0.62 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.59/share, meaning a difference of $0.03 and a surprise factor of 5.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.88 per share as compared to estimates of $0.85 per share, a difference of $0.03 representing a surprise of 3.50%.
Ratios To Look Out For
For context, Firstenergy Corp.’s Current Ratio is 0.48. Also, the Quick Ratio is 0.38, while the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 1.71, the price to book ratio is 2.11 and price to earnings (TTM) ratio is 19.93.
Transactions by insiders
Recent insider trading involved Walker Christine, SVP, CHRO & Corporate Services, that happened on Nov 27 ’23 when 12500.0 shares were sold.
