Ameren Corporation (NYSE:AEE) issued an update on its FY17 earnings guidance on Friday morning. The company provided earnings per share guidance of $2.73-2.87 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.80.

Ameren Corporation (NYSE:AEE) last posted its earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the business earned $0.61 EPS. Ameren Corporation’s revenue for the quarter was up 7.8% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, December 13th will be paid a dividend of $0.4575 per share. This represents a $1.83 dividend on an annualized basis and a yield of 2.94%. This is a boost from Ameren Corporation’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Tuesday, December 12th. Ameren Corporation’s dividend payout ratio is presently 61.54%.

A number of analysts recently issued reports on the company. Zacks Investment Research cut Ameren Corporation from a hold rating to a sell rating in a research note on Tuesday, October 10th. BidaskClub raised Ameren Corporation from a hold rating to a buy rating in a research note on Friday, August 11th. Bank of America Corporation assumed coverage on Ameren Corporation in a research note on Tuesday, October 24th. They set a neutral rating and a $62.00 target price for the company. Morgan Stanley increased their target price on Ameren Corporation from $56.00 to $57.00 and gave the stock an overweight rating in a research note on Thursday, August 10th. Finally, KeyCorp reissued a hold rating on shares of Ameren Corporation in a research note on Friday, October 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the stock. Ameren Corporation presently has an average rating of Hold and an average price target 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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