American Electric Power (NYSE:AEP) is scheduled to be announcing its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $1.20 per share for the quarter. American Electric Power has set its FY19 guidance at $4.00-4.20 EPS.Investors interested in listening to the company’s conference call can do so using this link.
American Electric Power (NYSE:AEP) last issued its earnings results on Thursday, July 25th. The utilities provider reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.02. American Electric Power had a return on equity of 10.69% and a net margin of 12.53%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same quarter in the prior year, the business earned $1.01 earnings per share. The company’s revenue was down 10.0% compared to the same quarter last year. On average, analysts expect American Electric Power to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of NYSE AEP opened at $94.15 on Wednesday. American Electric Power has a 1-year low of $72.07 and a 1-year high of $94.89. The business has a 50-day moving average of $92.81 and a 200-day moving average of $89.12. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.49 and a quick ratio of 0.36. The company has a market capitalization of $46.49 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 4.00 and a beta of 0.09.
In other American Electric Power news, VP Brian X. Tierney sold 4,458 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $89.73, for a total transaction of $400,016.34. Following the sale, the vice president now owns 39,745 shares in the company, valued at $3,566,318.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Charles E. Zebula sold 1,216 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $90.98, for a total value of $110,631.68. Following the sale, the insider now owns 7,420 shares in the company, valued at approximately $675,071.60. The disclosure for this sale can be found here. Corporate insiders own 0.16% of the company’s stock.
Several equities research analysts have recently weighed in on AEP shares. JPMorgan Chase & Co. upped their target price on American Electric Power from $92.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Mizuho upped their target price on American Electric Power from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. SunTrust Banks upped their target price on American Electric Power from $98.00 to $99.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Bank of America reaffirmed a “buy” rating and issued a $98.00 target price (up previously from $93.00) on shares of American Electric Power in a research report on Tuesday, July 9th. Finally, ValuEngine downgraded American Electric Power from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $93.91.
About American Electric Power
American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.
Read More: What are earnings reports?
Receive News & Ratings for American Electric Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power and related companies with MarketBeat.com's FREE daily email newsletter.