PG&E (NYSE:PCG – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.330-1.370 for the period, compared to the consensus estimate of 1.350. The company issued revenue guidance of -. PG&E also updated its FY24 guidance to $1.33-1.37 EPS.
PG&E Stock Down 0.2 %
NYSE:PCG traded down $0.04 on Friday, hitting $17.03. The stock had a trading volume of 13,459,180 shares, compared to its average volume of 11,163,894. The business’s fifty day moving average is $16.58 and its 200 day moving average is $16.89. The company has a market cap of $36.39 billion, a PE ratio of 15.21 and a beta of 1.32. The company has a quick ratio of 0.78, a current ratio of 0.83 and a debt-to-equity ratio of 2.04. PG&E has a 52 week low of $14.71 and a 52 week high of $18.32.
PG&E (NYSE:PCG – Get Free Report) last posted its earnings results on Thursday, April 25th. The utilities provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. PG&E had a return on equity of 11.48% and a net margin of 10.05%. The company had revenue of $5.86 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same quarter last year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities research analysts expect that PG&E will post 1.35 EPS for the current fiscal year.
PG&E Announces Dividend
Wall Street Analyst Weigh In
A number of analysts recently commented on PCG shares. StockNews.com upgraded PG&E from a sell rating to a hold rating in a report on Thursday, February 1st. The Goldman Sachs Group assumed coverage on PG&E in a research report on Wednesday, April 10th. They issued a buy rating and a $21.00 price target for the company. Barclays lifted their price target on PG&E from $20.00 to $21.00 and gave the company an overweight rating in a research report on Friday. Finally, JPMorgan Chase & Co. lifted their price target on PG&E from $18.00 to $19.00 and gave the company a neutral rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $19.11.
View Our Latest Research Report on PCG
About PG&E
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.
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