American Electric Power Company Inc (AEP) Issues FY18 Earnings Guidance
American Electric Power Company Inc (NYSE:AEP) updated its FY18 earnings guidance on Friday. The company provided EPS guidance of $3.75-3.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.88. American Electric Power also updated its FY17 guidance to $3.55-3.68 EPS.
A number of brokerages recently issued reports on AEP. BidaskClub lowered shares of American Electric Power from a hold rating to a sell rating in a report on Wednesday, July 12th. Zacks Investment Research lowered shares of American Electric Power from a hold rating to a sell rating in a report on Wednesday, July 12th. Morgan Stanley reissued an equal weight rating on shares of American Electric Power in a report on Monday, July 10th. Jefferies Group LLC reissued a hold rating and issued a $70.00 price objective on shares of American Electric Power in a report on Wednesday, July 19th. Finally, Royal Bank Of Canada reissued a hold rating and issued a $74.00 price objective on shares of American Electric Power in a report on Monday, October 30th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. American Electric Power currently has a consensus rating of Hold and a consensus price target of $73.91.
American Electric Power Company Inc (NYSE:AEP) traded up $0.07 during midday trading on Friday, reaching $74.08. 2,310,973 shares of the company’s stock were exchanged, compared to its average volume of 2,100,000. American Electric Power Company Inc has a 52 week low of $57.89 and a 52 week high of $74.92. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.56 and a quick ratio of 0.34. The firm has a market capitalization of $36.44 billion, a PE ratio of 21.18, a P/E/G ratio of 4.27 and a beta of 0.29.
American Electric Power (NYSE:AEP) last posted its earnings results on Thursday, October 26th. The utilities provider reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.06). American Electric Power had a net margin of 12.21% and a return on equity of 9.67%. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period in the previous year, the company earned $1.30 EPS. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. equities research analysts anticipate that American Electric Power Company Inc will post 3.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Thursday, November 9th. This is a boost from American Electric Power’s previous quarterly dividend of $0.59. American Electric Power’s dividend payout ratio is currently 61.62%.
American Electric Power Company Profile
American Electric Power Company, Inc (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.
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