For its third fiscal quarter (ending September 30), FirstEnergy Corp. (NYSE: FE) has reported a -1% decline in E.P.S. from $0.74 a year ago to $0.73 in the current quarter. For the latest four quarters through September 30, E.P.S. were $1.55 compared to $0.95 a year ago — an increase of 63%.
Recent Price Action
FirstEnergy Corp. (NYSE: FE) stock closed at $42.83 on 10/29/24 after a modest decline of -1.9%. Moreover, above average trading volume at 142% of normal accompanied the decline. The stock has declined -2.0% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
FE is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
FirstEnergy has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. FirstEnergy has a neutral Appreciation Score of 54 but a good Power Rating of 80, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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