Ameren Corporation (AEE) Scheduled to Post Earnings on Friday
Ameren Corporation (NYSE:AEE) is set to release its earnings data before the market opens on Friday, November 3rd. Analysts expect Ameren Corporation to post earnings of $1.40 per share for the quarter. Ameren Corporation has set its FY17 guidance at $2.70-2.90 EPS.
Ameren Corporation (NYSE:AEE) last posted its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.42 billion. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. On average, analysts expect Ameren Corporation to post $2.80 EPS for the current fiscal year and $3.02 EPS for the next fiscal year.
Ameren Corporation (NYSE AEE) opened at 61.38 on Friday. The firm has a 50-day moving average price of $59.65 and a 200-day moving average price of $57.18. The company has a market capitalization of $14.89 billion, a P/E ratio of 21.48 and a beta of 0.36. Ameren Corporation has a 1-year low of $46.97 and a 1-year high of $61.96.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th will be issued a dividend of $0.4575 per share. This is a positive change from Ameren Corporation’s previous quarterly dividend of $0.44. This represents a $1.83 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Tuesday, December 12th. Ameren Corporation’s payout ratio is currently 61.54%.
Several equities analysts have recently issued reports on AEE shares. Bank of America Corporation started coverage on Ameren Corporation in a report on Tuesday. They issued a “neutral” rating and a $62.00 target price for the company. KeyCorp reaffirmed a “hold” rating on shares of Ameren Corporation in a report on Friday, October 20th. BidaskClub raised Ameren Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Zacks Investment Research lowered Ameren Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Ameren Corporation in a report on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the stock. Ameren Corporation presently has a consensus rating of “Hold” and a consensus target price of $56.00.
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Ameren Corporation Company Profile
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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