Zacks: Analysts Expect American Electric Power Company, Inc. (NASDAQ:AEP) to Announce $1.17 Earnings Per Share

Equities research analysts expect American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) to announce earnings per share (EPS) of $1.17 for the current quarter, Zacks reports. Three analysts have made estimates for American Electric Power’s earnings, with the lowest EPS estimate coming in at $1.12 and the highest estimate coming in at $1.20. American Electric Power posted earnings per share of $1.18 during the same quarter last year, which suggests a negative year over year growth rate of 0.8%. The business is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that American Electric Power will report full-year earnings of $4.99 per share for the current fiscal year, with EPS estimates ranging from $4.95 to $5.05. For the next year, analysts anticipate that the business will post earnings of $5.29 per share, with EPS estimates ranging from $5.25 to $5.33. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow American Electric Power.

American Electric Power (NASDAQ:AEPGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.02. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.37 billion. American Electric Power had a return on equity of 10.65% and a net margin of 15.34%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 EPS.

Several equities research analysts recently weighed in on AEP shares. StockNews.com started coverage on American Electric Power in a research note on Thursday, March 31st. They set a “hold” rating for the company. Morgan Stanley boosted their target price on American Electric Power from $112.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 20th. Royal Bank of Canada boosted their target price on American Electric Power from $101.00 to $106.00 and gave the stock an “outperform” rating in a research note on Monday, March 7th. Wells Fargo & Company upgraded American Electric Power from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $93.00 to $101.00 in a research note on Monday, February 28th. Finally, Seaport Res Ptn lowered American Electric Power from a “buy” rating to a “neutral” rating in a research report on Monday, March 14th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $104.70.

AEP stock opened at $99.78 on Monday. The business has a 50 day moving average price of $99.08 and a 200 day moving average price of $91.15. The stock has a market cap of $51.24 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 3.40 and a beta of 0.34. American Electric Power has a fifty-two week low of $80.22 and a fifty-two week high of $104.81. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.28.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Tuesday, May 10th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.13%. The ex-dividend date is Monday, May 9th. American Electric Power’s dividend payout ratio (DPR) is 59.66%.

In other news, EVP Paul Chodak III sold 6,361 shares of the business’s stock in a transaction that occurred on Tuesday, March 15th. The stock was sold at an average price of $95.54, for a total value of $607,729.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP David Matthew Feinberg sold 2,699 shares of American Electric Power stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $100.85, for a total value of $272,194.15. Following the completion of the sale, the executive vice president now owns 16,302 shares in the company, valued at $1,644,056.70. The disclosure for this sale can be found here. In the last three months, insiders sold 44,526 shares of company stock worth $4,257,794. Corporate insiders own 0.12% of the company’s stock.

Several institutional investors have recently bought and sold shares of AEP. Allspring Global Investments Holdings LLC purchased a new stake in shares of American Electric Power in the fourth quarter valued at approximately $354,042,000. BlackRock Inc. increased its position in shares of American Electric Power by 4.8% in the fourth quarter. BlackRock Inc. now owns 41,461,321 shares of the company’s stock valued at $3,688,814,000 after buying an additional 1,910,807 shares in the last quarter. Invesco Ltd. raised its stake in shares of American Electric Power by 32.9% during the 3rd quarter. Invesco Ltd. now owns 7,376,635 shares of the company’s stock worth $598,835,000 after buying an additional 1,826,997 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of American Electric Power by 10.2% in the 3rd quarter. Wellington Management Group LLP now owns 15,398,310 shares of the company’s stock worth $1,250,036,000 after buying an additional 1,430,681 shares in the last quarter. Finally, Morgan Stanley grew its stake in American Electric Power by 21.9% in the 3rd quarter. Morgan Stanley now owns 7,511,352 shares of the company’s stock valued at $609,773,000 after acquiring an additional 1,347,736 shares during the last quarter. Hedge funds and other institutional investors own 73.26% of the company’s stock.

About American Electric Power (Get Rating)

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.

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Earnings History and Estimates for American Electric Power (NASDAQ:AEP)

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