FirstEnergy Corp. (NYSE: FE) has reported E.P.S. of $0.44 for its first fiscal quarter (ending March 31) versus $0.51 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $1.89 versus $0.71 for the same period a year ago.
Recent Price Action
On 4/25/24, FirstEnergy Corp. (NYSE: FE) stock rose modestly by 0.7%, closing at $38.57. This advance was accompanied by normal trading volume. The stock has risen 3.0% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
FE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
FirstEnergy has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. FirstEnergy has a neutral Appreciation Score of 54 and a neutral Power Rating of 46, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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