Zacks: Brokerages Expect Ameren Co. (NYSE:AEE) to Post $0.87 EPS

Equities analysts forecast that Ameren Co. (NYSE:AEEGet Rating) will announce earnings of $0.87 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Ameren’s earnings, with estimates ranging from $0.84 to $0.89. Ameren reported earnings of $0.80 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.7%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Ameren will report full-year earnings of $4.07 per share for the current financial year, with EPS estimates ranging from $4.04 to $4.14. For the next fiscal year, analysts anticipate that the company will post earnings of $4.36 per share, with EPS estimates ranging from $4.34 to $4.41. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Ameren.

Ameren (NYSE:AEEGet Rating) last released its quarterly earnings results on Thursday, May 5th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.61 billion. Ameren had a net margin of 15.04% and a return on equity of 10.33%. The business’s revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS.

Several equities research analysts recently weighed in on AEE shares. Wells Fargo & Company upped their target price on shares of Ameren from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, March 25th. Argus upped their target price on shares of Ameren from $102.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, May 26th. Credit Suisse Group started coverage on shares of Ameren in a research note on Monday, April 25th. They set an “outperform” rating and a $104.00 target price on the stock. Morgan Stanley cut their target price on shares of Ameren from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Monday, May 23rd. Finally, StockNews.com assumed coverage on shares of Ameren in a report on Thursday, March 31st. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Ameren currently has a consensus rating of “Buy” and an average price target of $99.43.

AEE traded down $0.81 during trading hours on Wednesday, hitting $94.38. 45,853 shares of the company’s stock were exchanged, compared to its average volume of 1,384,170. Ameren has a 12-month low of $79.35 and a 12-month high of $99.20. The firm has a 50 day moving average of $94.39 and a 200 day moving average of $89.44. The firm has a market cap of $24.37 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 3.29 and a beta of 0.34. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.26.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 8th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, June 7th. Ameren’s payout ratio is 60.51%.

In related news, insider Richard J. Mark sold 3,500 shares of the company’s stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $87.37, for a total value of $305,795.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Chonda J. Nwamu sold 1,677 shares of the company’s stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $87.41, for a total transaction of $146,586.57. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,128 shares of company stock valued at $3,043,683. Company insiders own 0.52% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Stonebridge Capital Advisors LLC increased its holdings in shares of Ameren by 885.7% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 276 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 248 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of Ameren in the 1st quarter valued at about $25,000. EverSource Wealth Advisors LLC purchased a new position in shares of Ameren in the 4th quarter valued at about $26,000. Quent Capital LLC increased its holdings in shares of Ameren by 864.5% in the 1st quarter. Quent Capital LLC now owns 299 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 268 shares in the last quarter. Finally, Consolidated Planning Corp purchased a new position in shares of Ameren in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 75.06% of the company’s stock.

Ameren Company Profile (Get Rating)

Ameren Corporation, together with its subsidiaries, 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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Earnings History and Estimates for Ameren (NYSE:AEE)

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