American Electric Power Co. Inc. (AEP) Releases FY14 Earnings Guidance
American Electric Power Co. Inc. (NYSE:AEP) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.20-3.40 for the period, compared to the Thomson Reuters consensus estimate of $3.34, ARN reports.
American Electric Power Co. Inc. (NYSE:AEP) traded up 0.39% during mid-day trading on Tuesday, hitting $48.50. The stock had a trading volume of 4,266,202 shares. American Electric Power Co. Inc. has a 52 week low of $41.83 and a 52 week high of $51.60. The stock’s 50-day moving average is $46.76 and its 200-day moving average is $45.52. The company has a market cap of $23.634 billion and a price-to-earnings ratio of 20.33.
American Electric Power Co. (NYSE:AEP) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.04. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts expect that American Electric Power Co. Inc. will post $3.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of 0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Thursday, February 6th.
A number of research firms have recently commented on AEP. Analysts at UBS AG raised their price target on shares of American Electric Power Co. from $45.00 to $48.00 in a research note to investors on Friday. They now have a neutral rating on the stock. On a related note, analysts at BMO Capital Markets upgraded shares of American Electric Power Co. from a market perform rating to an outperform rating in a research note to investors on Thursday, January 2nd. They now have a $51.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a hold rating on shares of American Electric Power Co. in a research note to investors on Wednesday, December 11th. They now have a $50.00 price target on the stock, up previously from $48.00. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $50.71.
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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