American Electric Power Company Inc (AEP) Scheduled to Post Quarterly Earnings on Wednesday
American Electric Power Company Inc (NYSE:AEP) will be issuing its quarterly earnings data before the market opens on Wednesday, July 26th. Analysts expect the company to announce earnings of $0.92 per share for the quarter. American Electric Power has set its FY17 guidance at $3.55-3.75 EPS.
American Electric Power (NYSE:AEP) last announced its quarterly earnings results on Thursday, April 27th. The utilities provider reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by $0.01. The firm had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.85 billion. American Electric Power had a net margin of 14.42% and a return on equity of 13.54%. The business’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.02 earnings per share. On average, analysts expect American Electric Power to post $3.66 EPS for the current fiscal year and $3.88 EPS for the next fiscal year.
Shares of American Electric Power Company Inc (NYSE AEP) opened at 68.36 on Wednesday. American Electric Power Company Inc has a 12 month low of $57.89 and a 12 month high of $72.97. The firm has a market capitalization of $33.61 billion, a P/E ratio of 47.94 and a beta of 0.30. The company has a 50 day moving average of $70.76 and a 200-day moving average of $67.27.
In other news, insider Paul Chodak III sold 1,110 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $68.20, for a total transaction of $75,702.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.15% of the stock is owned by corporate insiders.
Several analysts recently commented on the company. Goldman Sachs Group, Inc. (The) cut American Electric Power from a “buy” rating to a “neutral” rating and upped their target price for the company from $68.00 to $70.00 in a report on Monday, June 26th. Jefferies Group LLC upped their target price on American Electric Power from $68.00 to $70.00 and gave the company a “hold” rating in a report on Friday, April 28th. BidaskClub cut American Electric Power from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Zacks Investment Research cut American Electric Power from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Barclays PLC restated an “overweight” rating and set a $76.00 price target (up from $71.00) on shares of American Electric Power in a report on Sunday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. American Electric Power has an average rating of “Hold” and a consensus price target of $71.73.
About American Electric Power
American Electric Power Company, Inc (AEP) is a public 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. The service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.
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