Firstenergy Corp.

Firstenergy Corp.

FE

Market Cap$23.05B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Firstenergy Corp.Firstenergy Corp.25.84.25%8%1.81.9

Earnings Call Q3 2024

October 30, 2024 - AI Summary

**Third Quarter Earnings Performance**: FirstEnergy reported GAAP earnings from continuing operations of $0.73 per share, down slightly from $0.74 per share in Q3 2023. Operating earnings were $0.85 per share, compared to $0.88 per share in the previous year, due to the absence of state tax benefits and higher storm-related expenses, which impacted guidance.
**2024 Guidance Update**: The company narrowed its operating earnings guidance for 2024 to $2.61 - $2.71 per share, down from $2.61 - $2.81. This adjustment reflects challenges including significant storm costs and impacts from Ohio's fourth Electric Security Plan (ESP), which necessitated strategic withdrawal to align better with regulatory processes.
**Capital Investment Plans and Growth Outlook**: FirstEnergy reaffirmed a five-year capital expenditure plan of $26 billion through 2028, with an increased investment plan for 2024 from $4.3 billion to $4.6 billion, focusing on distribution and transmission reliability. The company anticipates long-term annual operating earnings growth rate of 6% to 8%, which is driven by 9% average annual rate base growth.

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$48.00

Target Price by Analysts

18% upsideFirstenergy Target Price DetailsTarget Price
$40.69

Current Fair Value

0.1% upside

Undervalued by 0.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$23.05 Billion
Enterprise Value$46.47 Billion
Dividend Yield$1.7 (4.25%)
Earnings per Share$1.92
Beta0.5
Outstanding Shares576,000,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio25.83
PEG156.54
Price to Sales1.77
Price to Book Ratio1.77
Enterprise Value to Revenue3.46
Enterprise Value to EBIT24.09
Enterprise Value to Net Income49
Total Debt to Enterprise0.51
Debt to Equity1.92

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Firstenergy Corp.

15,617 employees
CEO: Charles Jones

FirstEnergy Corp. is dedicated to safety, reliability and operational excellence. Its ten electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jers...