American Electric Power Company, Inc. (AEP) to Release Earnings on Monday
American Electric Power Company, Inc. (NYSE:AEP) is scheduled to be posting its quarterly earnings results before the market opens on Monday, October 30th. Analysts expect American Electric Power to post earnings of $1.21 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 posted its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.07). American Electric Power had a return on equity of 10.32% and a net margin of 3.60%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period last year, the firm posted $0.95 EPS. On average, analysts expect American Electric Power to post $3.64 EPS for the current fiscal year and $3.89 EPS for the next fiscal year.
Shares of American Electric Power Company, Inc. (AEP) opened at 73.98 on Monday. The company has a market cap of $36.39 billion, a PE ratio of 63.67 and a beta of 0.28. American Electric Power Company, Inc. has a one year low of $57.89 and a one year high of $74.59. The firm’s 50-day moving average is $72.35 and its 200-day moving average is $70.59.
Several brokerages have recently weighed in on AEP. Zacks Investment Research upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Mizuho cut shares of American Electric Power from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $74.00 to $73.00 in a research note on Friday, September 22nd. Morgan Stanley reiterated an “equal weight” rating on shares of American Electric Power in a research note on Monday, July 10th. Jefferies Group LLC reiterated a “hold” rating and set a $70.00 price target on shares of American Electric Power in a research note on Wednesday, July 19th. Finally, BidaskClub upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $73.10.
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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