Ameren Corporation (NYSE:AEE) issued its quarterly earnings results on Friday. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.07), Bloomberg Earnings reports. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the firm posted $1.52 earnings per share. Ameren Corporation’s quarterly revenue was down 7.3% compared to the same quarter last year. Ameren Corporation updated its FY17 guidance to $2.73-2.87 EPS.
Shares of Ameren Corporation (AEE) traded down $0.13 during trading hours on Friday, hitting $62.19. The stock had a trading volume of 1,739,755 shares, compared to its average volume of 1,209,819. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.57 and a quick ratio of 0.38. Ameren Corporation has a one year low of $46.97 and a one year high of $62.83. The firm has a market capitalization of $15,089.47, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 3.32 and a beta of 0.38.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.4575 per share. This represents a $1.83 dividend on an annualized basis and a dividend yield of 2.94%. This is a positive change from Ameren Corporation’s previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, December 12th. Ameren Corporation’s dividend payout ratio is presently 69.84%.
Several equities analysts have issued reports on AEE shares. Bank of America Corporation started coverage on Ameren Corporation in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 price target on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Ameren Corporation in a research report on Monday, July 10th. BidaskClub raised Ameren Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research lowered Ameren Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Ameren Corporation in a research report on Friday, October 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $56.00.
About Ameren Corporation
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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