Firstenergy Corp. [NYSE: FE] price surged by 0.36 percent to reach at $0.14. The company report on January 9, 2024 at 4:35 PM that FirstEnergy to Webcast Fourth Quarter Earnings Teleconference.
FirstEnergy Corp. (NYSE: FE) will release financial results for the fourth quarter and full year of 2023 after markets close on Thursday, February 8. These results will be discussed by FirstEnergy management during a conference call with financial analysts at 10 a.m. EST on Friday, February 9. A question-and-answer session will follow.
Investors, customers and other interested parties are invited to listen to a live webcast of the call and view presentation slides via FirstEnergy’s Investor Information website, www.firstenergycorp.com/ir. The webcast and presentation will be available for replay on the site for up to one year.
A sum of 8004507 shares traded at recent session while its average daily volume was at 3.49M shares. Firstenergy Corp. shares reached a high of $38.59 and dropped to a low of $38.03 until finishing in the latest session at $38.52.
The one-year FE stock forecast points to a potential upside of 2.48. The average equity rating for FE stock is currently 2.13, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Firstenergy Corp. [FE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FE shares is $39.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FE stock is a recommendation set at 2.13. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Firstenergy Corp. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on August 23, 2023.
The Average True Range (ATR) for Firstenergy Corp. is set at 0.61, with the Price to Sales ratio for FE stock in the period of the last 12 months amounting to 1.71. The Price to Book ratio for the last quarter was 2.11, with the Price to Cash per share for the same quarter was set at 0.25.
FE Stock Performance Analysis:
Firstenergy Corp. [FE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.99. With this latest performance, FE shares gained by 3.27% in over the last four-week period, additionally sinking by -1.03% over the last 6 months – not to mention a drop of -9.09% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FE stock in for the last two-week period is set at 66.82, with the RSI for the last a single of trading hit 74.71, and the three-weeks RSI is set at 62.54 for Firstenergy Corp. [FE]. The present Moving Average for the last 50 days of trading for this stock 36.86, while it was recorded at 38.12 for the last single week of trading, and 37.60 for the last 200 days.
Insight into Firstenergy Corp. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Firstenergy Corp. [FE] shares currently have an operating margin of +15.33 and a Gross Margin at +24.39. Firstenergy Corp.’s Net Margin is presently recorded at +3.26.
Return on Total Capital for FE is now 5.84, given the latest momentum, and Return on Invested Capital for the company is 1.29. Return on Equity for this stock inclined to 4.31, with Return on Assets sitting at 0.89. When it comes to the capital structure of this company, Firstenergy Corp. [FE] has a Total Debt to Total Equity ratio set at 215.91. Additionally, FE Total Debt to Total Capital is recorded at 68.35, with Total Debt to Total Assets ending up at 47.60. Long-Term Debt to Equity for the company is recorded at 211.00, with the Long-Term Debt to Total Capital now at 66.79.
Reflecting on the efficiency of the workforce at the company, Firstenergy Corp. [FE] managed to generate an average of $32,914 per employee. Receivables Turnover for the company is 8.74 with a Total Asset Turnover recorded at a value of 0.27.Firstenergy Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.43 and a Current Ratio set at 0.53.
FE Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Firstenergy Corp. go to 6.30%.
Firstenergy Corp. [FE] Institutonal Ownership Details
The top three institutional holders of FE stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in FE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in FE stock with ownership which is approximately 5.8325%.