Ameren Corporation (AEE) Releases Earnings Results, Misses Expectations By $0.07 EPS
Ameren Corporation (NYSE:AEE) announced its quarterly earnings results on Friday. The utilities provider reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.07), Bloomberg Earnings reports. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.87 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The business’s revenue was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 earnings per share. Ameren Corporation updated its FY17 guidance to $2.73-2.87 EPS.
Shares of Ameren Corporation (NYSE:AEE) opened at $62.19 on Friday. The firm has a market cap of $15.12 billion, a PE ratio of 21.79, a P/E/G ratio of 3.33 and a beta of 0.38. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.38 and a current ratio of 0.57.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be issued a $0.4575 dividend. The ex-dividend date is Tuesday, December 12th. This is an increase from Ameren Corporation’s previous quarterly dividend of $0.44. This represents a $1.83 dividend on an annualized basis and a dividend yield of 2.94%. Ameren Corporation’s dividend payout ratio (DPR) is 61.54%.
A number of analysts recently weighed in on AEE shares. Bank of America Corporation began coverage on shares of Ameren Corporation in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 price target on the stock. Morgan Stanley restated an “overweight” rating on shares of Ameren Corporation in a report on Monday, July 10th. BidaskClub upgraded shares of Ameren Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research downgraded shares of Ameren Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Finally, KeyCorp restated a “hold” rating on shares of Ameren Corporation in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $56.00.
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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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