Public Service Enterprise Group (NYSE:PEG – Get Free Report) posted its earnings results on Tuesday. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01), Briefing.com reports. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Public Service Enterprise Group had a net margin of 16.12% and a return on equity of 10.78%. Public Service Enterprise Group’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 EPS. Public Service Enterprise Group updated its FY 2024 guidance to 3.600-3.700 EPS and its FY24 guidance to $3.60-3.70 EPS.
Public Service Enterprise Group Stock Performance
Shares of NYSE:PEG traded up $0.33 during midday trading on Thursday, reaching $80.10. The company’s stock had a trading volume of 53,089 shares, compared to its average volume of 2,829,866. The company has a quick ratio of 0.62, a current ratio of 0.79 and a debt-to-equity ratio of 1.19. The stock has a fifty day moving average of $74.52 and a 200 day moving average of $68.03. Public Service Enterprise Group has a twelve month low of $53.71 and a twelve month high of $81.00. The firm has a market capitalization of $39.90 billion, a PE ratio of 22.10, a P/E/G ratio of 3.08 and a beta of 0.59.
Public Service Enterprise Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 9th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Monday, September 9th. Public Service Enterprise Group’s payout ratio is 66.48%.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on Public Service Enterprise Group
Public Service Enterprise Group Company Profile
Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.
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