American Electric Power (AEP) Set to Announce Earnings on Wednesday

American Electric Power (NYSE:AEP) is scheduled to post its quarterly earnings results before the market opens on Wednesday, January 24th. Analysts expect American Electric Power to post earnings of $0.74 per share for the quarter. American Electric Power has set its FY17 guidance at $3.55-3.68 EPS.

American Electric Power (NYSE:AEP) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.06). The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.42 billion. American Electric Power had a return on equity of 9.67% and a net margin of 12.21%. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter last year, the business earned $1.30 earnings per share. On average, analysts expect American Electric Power to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of American Electric Power (NYSE:AEP) opened at $67.50 on Wednesday. The company has a market cap of $33,200.00, a P/E ratio of 17.62, a P/E/G ratio of 3.65 and a beta of 0.30. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.56 and a quick ratio of 0.43. American Electric Power has a 12 month low of $62.14 and a 12 month high of $78.07.

A number of analysts recently commented on the stock. Royal Bank of Canada reiterated a “hold” rating and issued a $74.00 target price on shares of American Electric Power in a research note on Monday, October 30th. Zacks Investment Research cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. ValuEngine upgraded shares of American Electric Power from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Guggenheim cut shares of American Electric Power from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, Morgan Stanley upgraded shares of American Electric Power from an “equal weight” rating to an “overweight” rating and set a $83.00 target price for the company in a research note on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $75.08.

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American Electric Power Company Profile

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.

Earnings History for American Electric Power (NYSE:AEP)

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