Analysts Anticipate Ameren Corporation (AEE) Will Announce Earnings of $1.37 Per Share
Equities research analysts predict that Ameren Corporation (NYSE:AEE) will announce earnings per share (EPS) of $1.37 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Ameren Corporation’s earnings. The lowest EPS estimate is $1.29 and the highest is $1.47. Ameren Corporation posted earnings per share of $1.52 during the same quarter last year, which suggests a negative year-over-year growth rate of 9.9%. The firm is expected to issue its next earnings results on Friday, November 3rd.
According to Zacks, analysts expect that Ameren Corporation will report full-year earnings of $2.80 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $2.81. For the next year, analysts anticipate that the firm will report earnings of $3.02 per share, with EPS estimates ranging from $3.00 to $3.05. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Ameren Corporation.
Ameren Corporation (NYSE:AEE) last announced its earnings results on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS.
Several equities research analysts recently issued reports on the company. BidaskClub raised Ameren Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Morgan Stanley reissued an “equal weight” rating on shares of Ameren Corporation in a research report on Friday, September 8th. Zacks Investment Research lowered Ameren Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Barclays PLC lowered Ameren Corporation from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $60.00 to $58.00 in a research report on Thursday, May 25th. Finally, Goldman Sachs Group, Inc. (The) lowered Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target on the stock. in a research report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $55.20.
Shares of Ameren Corporation (NYSE:AEE) traded up 0.42% during trading on Friday, hitting $59.81. 2,251,573 shares of the stock were exchanged. The firm has a 50 day moving average of $58.99 and a 200-day moving average of $56.21. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 20.93 and a beta of 0.37. Ameren Corporation has a 12-month low of $46.84 and a 12-month high of $60.91.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.94%. The ex-dividend date is Tuesday, September 12th. Ameren Corporation’s dividend payout ratio is presently 61.54%.
A number of hedge funds and other institutional investors have recently modified their holdings of AEE. Acadian Asset Management LLC acquired a new stake in Ameren Corporation in the first quarter worth $432,000. Russell Investments Group Ltd. increased its position in Ameren Corporation by 1.2% in the first quarter. Russell Investments Group Ltd. now owns 205,350 shares of the utilities provider’s stock worth $11,213,000 after buying an additional 2,464 shares during the period. Chicago Equity Partners LLC acquired a new stake in Ameren Corporation in the first quarter worth $477,000. UBS Asset Management Americas Inc. increased its position in Ameren Corporation by 5.9% in the first quarter. UBS Asset Management Americas Inc. now owns 861,302 shares of the utilities provider’s stock worth $47,018,000 after buying an additional 47,896 shares during the period. Finally, British Columbia Investment Management Corp increased its position in Ameren Corporation by 33.2% in the first quarter. British Columbia Investment Management Corp now owns 113,018 shares of the utilities provider’s stock worth $6,170,000 after buying an additional 28,143 shares during the period. 69.82% of the stock is currently owned by hedge funds and other institutional investors.
About Ameren Corporation
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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