$1.37 Earnings Per Share Expected for Ameren Corporation (AEE) This Quarter
Equities analysts expect Ameren Corporation (NYSE:AEE) to announce $1.37 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Ameren Corporation’s earnings, with the lowest EPS estimate coming in at $1.29 and the highest estimate coming in at $1.47. Ameren Corporation reported earnings of $1.52 per share during the same quarter last year, which would indicate a negative year over year growth rate of 9.9%. The firm is expected to announce its next quarterly earnings results on Friday, November 3rd.
On average, analysts expect that Ameren Corporation will report full year earnings of $2.80 per share for the current financial year, with EPS estimates ranging from $2.80 to $2.81. For the next year, analysts expect that the company will report earnings of $3.02 per share, with EPS estimates ranging from $3.00 to $3.05. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Ameren Corporation.
Ameren Corporation (NYSE:AEE) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.10. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share.
Several brokerages have recently commented on AEE. BidaskClub upgraded Ameren Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Zacks Investment Research cut Ameren Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Morgan Stanley restated an “equal weight” rating on shares of Ameren Corporation in a report on Friday, September 8th. Finally, Goldman Sachs Group, Inc. (The) cut Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 target price on the stock. in a report on Monday, June 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $54.50.
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Ameren Corporation (NYSE AEE) traded up 0.36% during midday trading on Thursday, reaching $58.76. 329,229 shares of the company traded hands. Ameren Corporation has a 12-month low of $46.84 and a 12-month high of $60.91. The company has a market cap of $14.26 billion, a price-to-earnings ratio of 20.57 and a beta of 0.36. The company has a 50-day moving average price of $59.38 and a 200-day moving average price of $56.61.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, September 13th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.01%. The ex-dividend date was Tuesday, September 12th. Ameren Corporation’s dividend payout ratio is 61.54%.
A number of institutional investors have recently bought and sold shares of the stock. Griffin Asset Management Inc. bought a new position in Ameren Corporation in the second quarter valued at about $683,000. Gs Investments Inc. bought a new position in Ameren Corporation in the second quarter valued at about $409,000. Achmea Investment Management B.V. bought a new position in Ameren Corporation in the second quarter valued at about $226,000. USA Financial Portformulas Corp bought a new position in Ameren Corporation in the second quarter valued at about $2,828,000. Finally, Sentry Investment Management LLC boosted its holdings in Ameren Corporation by 1.1% in the second quarter. Sentry Investment Management LLC now owns 19,094 shares of the utilities provider’s stock valued at $1,044,000 after acquiring an additional 199 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.
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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