American Electric Power Company (AEP) to Release Quarterly Earnings on Friday
American Electric Power Company (NYSE:AEP) is scheduled to announce its Q214 earnings results on Friday, July 25th. Analysts expect the company to announce earnings of $0.75 per share and revenue of $3.92 billion for the quarter. American Electric Power Company has set its FY14 guidance at $3.35-3.55 EPS and its FY15 guidance at $3.30-3.60 EPS.
American Electric Power Company (NYSE:AEP) last announced its earnings results on Friday, April 25th. The company reported $1.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.88 by $0.27. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the company posted $0.80 earnings per share. American Electric Power Company’s revenue was up 21.1% compared to the same quarter last year. On average, analysts expect American Electric Power Company to post $3.49 EPS for the current fiscal year and $3.54 EPS for the next fiscal year.
American Electric Power Company (NYSE:AEP) opened at 53.97 on Thursday. American Electric Power Company has a one year low of $41.83 and a one year high of $55.94. The stock’s 50-day moving average is $54.10 and its 200-day moving average is $51.17. The company has a market cap of $26.342 billion and a P/E ratio of 15.71.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Wednesday, August 6th.
A number of analysts have recently weighed in on AEP shares. Analysts at JPMorgan Chase & Co. set a $52.00 price target on shares of American Electric Power Company in a research note on Wednesday, July 9th. On the ratings front, analysts at Zacks upgraded shares of American Electric Power Company from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 2nd. They now have a $66.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of American Electric Power Company in a research note on Monday, June 30th. They now have a $58.00 price target on the stock. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $54.70.
American Electric Power Company, Inc (NYSE:AEP) is a 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.
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