Ameren (NYSE:AEE) updated its FY19 earnings guidance on Friday. The company provided EPS guidance of $3.23-3.33 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.25.
Several analysts recently weighed in on the company. Bank of America upgraded Ameren from a neutral rating to a buy rating in a report on Tuesday, September 17th. They noted that the move was a valuation call. Morgan Stanley increased their price target on Ameren from $78.00 to $82.00 and gave the company an equal weight rating in a report on Wednesday, September 25th. UBS Group upgraded Ameren from a neutral rating to a buy rating and increased their price target for the company from $83.00 to $86.00 in a report on Tuesday, October 29th. ValuEngine lowered Ameren from a buy rating to a hold rating in a report on Wednesday, October 2nd. Finally, SunTrust Banks decreased their price target on Ameren from $84.00 to $81.00 and set a hold rating on the stock in a report on Wednesday, October 16th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $78.83.
AEE stock opened at $74.63 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.55 and a debt-to-equity ratio of 1.04. The business’s fifty day simple moving average is $77.67 and its two-hundred day simple moving average is $75.97. Ameren has a twelve month low of $62.51 and a twelve month high of $80.85. The firm has a market cap of $18.43 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 3.59 and a beta of 0.19.
Ameren (NYSE:AEE) last released its earnings results on Friday, November 8th. The utilities provider reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.04. Ameren had a return on equity of 10.31% and a net margin of 13.08%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the firm posted $1.50 earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year. Research analysts expect that Ameren will post 3.25 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be paid a $0.495 dividend. This is a positive change from Ameren’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 10th. This represents a $1.98 dividend on an annualized basis and a yield of 2.65%. Ameren’s dividend payout ratio (DPR) is presently 56.38%.
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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