Company Update (NYSE:PCG): PG&E Corporation Releases First-Quarter 2016 Financial Results

[Business Wire] – PG&E Corporation’s news release disclosing its first-quarter 2016 financial results has been furnished this morning to the U.S. Securities and Exchange Commission and is now available on PG&E Corporation’s website at http://www.pgecorp.com. Read more on this. PG&E Corporation (PCG) , valued at $29.29B, started the session at $58.70. During today’s session, PCG traded between $58.66 to $59.59 with the price of the stock fluctuating between $47.33 to $60.09 over the last 52 weeks. PCG shares are currently priced at 15.40x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.10x forward p/e ratio. And for income investors, the company pays shareholders $1.82 per share annually in dividends, yielding 3.13%. Consensus earnings for the current quarter by the 13 sell-side analysts covering the stock is an estimate of $0.73 per share, which would be $0.14 worse than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $3.75 which would be a $0.63 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $4.04 Billion. If reported, that would be a 3.59% increase over the year-ago quarter. More recently, Goldman upgraded PCG from Neutral to Buy (Jan 27, 2016). Previously, Morgan Stanley upgraded PCG from Equal-Weight to Overweight. The average price target for PCG shares by the analysts covering it is $61.09, which is 4.07% above where the stock opened. See more in (NYSE:PCG) Similar Articles: Stock Update (NYSE:PCG): PG&E Corporation Releases Full-Year and Fourth-Quarter 2015 Financial Results Company Update: PG&E Corporation (NYSE:PCG) – PG&E Corporation Schedules Fourth Quarter 2015 Earnings Release and Conference Call Company Update: PG&E Corporation (NYSE:PCG) – PG&E Corporation Appoints Jason P. Wells SVP & Chief Financial Officer
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