American Electric Power Co. Inc. (AEP) Updates FY13 Earnings Guidance
American Electric Power Co. Inc. (NYSE:AEP) issued an update on its FY13 earnings guidance on Monday morning. The company provided earnings per share guidance of $3.05-3.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.14, Analyst Ratings Network.com reports.
American Electric Power Co. Inc. (NYSE:AEP) traded up 1.37% during mid-day trading on Monday, hitting $44.33. 3,713,607 shares of the company’s stock traded hands. American Electric Power Co. Inc. has a 52 week low of $40.56 and a 52 week high of $51.60. The stock’s 50-day moving average is $43.52 and its 200-day moving average is $46.53. The company has a market cap of $21.579 billion and a price-to-earnings ratio of 17.56.
American Electric Power Co. (NYSE:AEP) last announced its earnings results on Thursday, July 25th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by $0.01. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. Analysts expect that American Electric Power Co. Inc. will post $3.14 EPS for the current fiscal year.
AEP has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. upgraded shares of American Electric Power Co. (NYSE:AEP) from a market perform rating to an outperform rating in a research note to investors on Monday. On a related note, analysts at BMO Capital Markets reiterated a hold rating on shares of American Electric Power Co. (NYSE:AEP) in a research note to investors on Thursday, August 22nd. They now have a $48.00 price target on the stock. Finally, analysts at UBS AG cut their price target on shares of American Electric Power Co. (NYSE:AEP) from $48.00 to $45.00 in a research note to investors on Thursday, August 22nd. They now have a neutral rating on the stock.
Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. American Electric Power Co. presently has a consensus rating of Hold and an average target price of $49.15.
American Electric Power Company, Inc (NYSE:AEP) is a 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.
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