American Electric Power Company Inc (AEP) Issues FY14 Earnings Guidance
American Electric Power Company Inc (NYSE:AEP) updated its FY14 earnings guidance on Friday. The company provided EPS guidance of $3.35-3.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.35, AR Network reports. American Electric Power Company also updated its FY15 guidance to $3.30-3.60 EPS.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a hold rating on shares of American Electric Power Company in a research note on Thursday. They now have a $51.00 price target on the stock. On a related note, analysts at Deutsche Bank reiterated a hold rating on shares of American Electric Power Company in a research note on Wednesday. They now have a $54.00 price target on the stock. Finally, analysts at KeyCorp reiterated a buy rating on shares of American Electric Power Company in a research note on Tuesday. They now have a $53.50 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of $51.72.
Shares of American Electric Power Company Inc (NYSE:AEP) opened at 52.33 on Friday. American Electric Power Company Inc has a 1-year low of $41.83 and a 1-year high of $52.76. The stock’s 50-day moving average is $50.40 and its 200-day moving average is $47.94. The company has a market cap of $25.525 billion and a price-to-earnings ratio of 17.21.
American Electric Power Company (NYSE:AEP) last announced its earnings results on Friday, April 25th. The company reported $1.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.88 by $0.27. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 21.1% on a year-over-year basis. On average, analysts predict that American Electric Power Company Inc will post $3.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 10th. Investors of record on Friday, May 9th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Wednesday, May 7th.
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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