FirstEnergy Corp, the parent company of FirstEnergy, has reported significant revenue growth over the years. In 2020, the company's revenue reached $14.4 billion.
FirstEnergy's net income has also seen a steady increase, from $1.3 billion in 2018 to $1.6 billion in 2020. This growth can be attributed to the company's diversified energy portfolio.
The company's operating income has also seen a significant increase, from $3.5 billion in 2018 to $4.3 billion in 2020. This is largely due to the company's efforts to optimize its operations and reduce costs.
FirstEnergy's cash flow from operations has been consistently strong, with $3.8 billion in 2020 and $3.5 billion in 2019. This strong cash flow has enabled the company to invest in its business and reduce debt.
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USD
The USD is the currency code for the United States dollar.
It's often used for international transactions and is a major reserve currency.
The USD is the most widely traded currency in the world, making up about 62% of all foreign exchange transactions.
The US dollar is pegged to a basket of currencies, known as Special Drawing Rights (SDRs), which helps maintain its value.
This basket includes the euro, the Japanese yen, the British pound, and the Chinese renminbi.
Company Performance
FirstEnergy Corporation's stock has seen a significant increase in revenue and earnings over the past year. In 2023, its revenue was $12.69 billion, a 3.40% increase from the previous year's $12.27 billion.
The company's market value is substantial, with a market capitalization of $23,559,840,000. This is a clear indicator of the company's size and influence in the market.
FirstEnergy Corporation's financial performance is also reflected in its earnings growth. In 2023, its earnings were $1.10 billion, a staggering 171.43% increase from the previous year.
Here's a snapshot of the company's recent stock performance:
The company's stock has been trading within a range of $34 to $44 over the past year, indicating a relatively stable market value.
Financial Data
FirstEnergy's revenue in 2023 was $12.69 billion, an increase of 3.40% from the previous year.
The company's sales per share in 2023 was $22.42. This is a significant improvement from 2021 when it was $20.39.
Here's a breakdown of FirstEnergy's key data in USD for 2023:
FirstEnergy's debt ratio in 2023 was 77.62%. This is a relatively high debt level, but it's not uncommon for utility companies like FirstEnergy.
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Estimates in USD
Estimates in USD are a crucial aspect of financial data, and FirstEnergy is no exception. The company's revenue estimates are projected to increase from $14,244 in 2025 to $14,698 in 2026, and then to $14,759 in 2028.
The average dividend estimate for 2025 is $1.79, which is expected to increase to $1.90 in 2026 and $2.15 in 2028. This translates to a dividend yield of 4.37% in 2025, 4.65% in 2026, and 5.25% in 2028.
The EPS (Earnings Per Share) estimates for 2025 are $2.88, which is expected to increase to $3.09 in 2026 and $3.55 in 2028. The P/E ratio is projected to decrease from 14.19 in 2025 to 11.53 in 2028.
Here's a summary of the revenue estimates for FirstEnergy:
The number of analysts providing revenue estimates for FirstEnergy has decreased from 5 in 2025 to 3 in 2026, and then to 3 in 2028. Despite this, the average revenue estimate has increased from $3,403 in 2025 to $3,447 in 2026, and then to $3,295 in 2028.
Income Statement (USD)
FirstEnergy's revenue in 2023 was $12.69 billion, an increase of 3.40% compared to the previous year's $12.27 billion.
In 2023, the company's earnings were $1.10 billion, an increase of 171.43% from the previous year.
The company's revenue is expected to reach $14,698 million in 2026, according to analyst estimates.
FirstEnergy's earnings per share (EPS) in 2023 was $1.10 billion, and it's expected to reach $3.09 in 2026.
Here's a breakdown of the company's revenue and earnings estimates for the next few years:
The number of analysts estimating revenue for 2025 is 3, with an average estimate of $3,447 USD.
Liquidity
Liquidity is a crucial aspect of financial data, and it refers to the ability of a security or asset to be quickly converted into cash without significantly affecting its price.
High liquidity is often associated with stocks and bonds that are actively traded on major exchanges, such as the New York Stock Exchange (NYSE) or NASDAQ.
The liquidity of a security can be measured by its turnover ratio, which is the number of times the security is traded in a given period.
For example, a stock with a high turnover ratio of 10 may be considered highly liquid, as it is being traded frequently.
The liquidity of a security can also be affected by its market capitalization, with larger companies typically having more liquid stocks.
In general, investors prefer to hold liquid assets, such as cash or short-term government bonds, during times of economic uncertainty.
However, some investors may be willing to hold less liquid assets, such as real estate or private equity, in order to potentially earn higher returns.
Investors should carefully consider their liquidity needs and risk tolerance before making investment decisions.
High liquidity can also be beneficial for companies, as it allows them to quickly raise capital by issuing new shares or bonds.
Frequently Asked Questions
Is FE a good stock to buy?
According to 12 Wall Street analysts, FirstEnergy (FE) has a Moderate Buy rating, suggesting a neutral to positive outlook. However, individual investment decisions depend on various factors, so it's essential to research and consider your own financial goals before investing.
What is the symbol for first energy?
The symbol "FE" represents FirstEnergy Corporation on the New York Stock Exchange (NYSE). FirstEnergy is a leading electric utility company in the United States.
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