PG&E (PCG) Announces Quarterly Earnings Results, Misses Expectations By $0.06 EPS
PG&E (NYSE:PCG) posted its earnings results on Friday. The utilities provider reported $0.63 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.06), Bloomberg Earnings reports. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.83 billion. PG&E had a return on equity of 11.94% and a net margin of 12.59%. During the same period last year, the business earned $1.33 earnings per share.
Shares of PG&E (NYSE PCG) opened at $38.57 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.85 and a quick ratio of 0.79. PG&E has a 1-year low of $37.30 and a 1-year high of $71.57. The company has a market capitalization of $19,841.29, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 2.39 and a beta of 0.03.
In other PG&E news, VP David S. Thomason sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $56.82, for a total value of $39,774.00. Following the sale, the vice president now directly owns 6,657 shares of the company’s stock, valued at $378,250.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.15% of the stock is currently owned by company insiders.
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PG&E Company Profile
PG&E Corporation is a holding company. The Company’s primary operating subsidiary is Pacific Gas and Electric Company (the Utility), which operates in northern and central California. The Utility is engaged in the sale and delivery of electricity and natural gas to customers. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial, and agricultural customers.
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