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 Wednesday morning. The company provided earnings per share (EPS) guidance of $3.15-3.25 for the period, compared to the Thomson Reuters consensus estimate of $3.15, Analyst Ratings Network reports.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a neutral rating on shares of American Electric Power Co. in a research note to investors on Wednesday, October 9th. They now have a $46.00 price target on the stock. On a related note, analysts at Deutsche Bank cut their price target on shares of American Electric Power Co. from $49.00 to $48.00 in a research note to investors on Wednesday, October 2nd. Finally, analysts at Wells Fargo & Co. upgraded shares of American Electric Power Co. from a market perform rating to an outperform rating in a research note to investors on Monday, September 23rd. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $48.92.
American Electric Power Co. Inc. (NYSE:AEP) opened at 45.24 on Wednesday. American Electric Power Co. Inc. has a one year low of $40.56 and a one year high of $51.60. The stock has a 50-day moving average of $43. and a 200-day moving average of $46.64. The company has a market cap of $22.022 billion and a price-to-earnings ratio of 18.17.
American Electric Power Co. (NYSE:AEP) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.01. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the previous year, the company posted $1.02 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 $3.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 10th. Stockholders of record on Friday, November 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.42%.
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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