Zacks: Brokerages Expect Ameren Corporation (AEE) to Post $0.33 EPS

Wall Street analysts expect that Ameren Corporation (NYSE:AEE) will announce earnings per share (EPS) of $0.33 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Ameren’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.35. Ameren reported earnings per share of $0.13 during the same quarter last year, which suggests a positive year-over-year growth rate of 153.8%. The business is expected to report its next quarterly earnings results on Thursday, February 15th.

According to Zacks, analysts expect that Ameren will report full-year earnings of $2.81 per share for the current year, with EPS estimates ranging from $2.80 to $2.86. For the next fiscal year, analysts forecast that the company will report earnings of $3.02 per share, with EPS estimates ranging from $3.00 to $3.05. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Ameren.

Ameren (NYSE:AEE) last issued its earnings results on Friday, November 3rd. The utilities provider reported $1.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.07). The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Ameren had a net margin of 10.03% and a return on equity of 8.61%. The firm’s revenue was down 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.52 EPS.

Several analysts recently commented on the stock. ValuEngine cut shares of Ameren from a “buy” rating to a “hold” rating in a research note on Monday. BidaskClub upgraded shares of Ameren from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Morgan Stanley raised their price objective on shares of Ameren from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. KeyCorp reiterated a “hold” rating on shares of Ameren in a research note on Friday, October 20th. Finally, Zacks Investment Research cut shares of Ameren from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a strong buy rating to the company. Ameren currently has a consensus rating of “Hold” and a consensus price target of $56.00.

Shares of Ameren (NYSE:AEE) traded down $0.66 during trading hours on Friday, hitting $63.09. 1,700,600 shares of the stock traded hands, compared to its average volume of 1,409,545. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.92. Ameren has a 1-year low of $48.41 and a 1-year high of $64.89. The stock has a market capitalization of $15,467.97, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 3.40 and a beta of 0.36.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, December 13th will be paid a $0.4575 dividend. This is a boost from Ameren’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $1.83 annualized dividend and a dividend yield of 2.90%. Ameren’s dividend payout ratio (DPR) is 69.84%.

In other Ameren news, SVP Gregory L. Nelson sold 12,000 shares of Ameren stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $62.68, for a total transaction of $752,160.00. Following the completion of the transaction, the senior vice president now owns 36,785 shares in the company, valued at $2,305,683.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.38% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. acquired a new position in Ameren during the second quarter worth about $111,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Ameren during the third quarter worth about $116,000. Cable Hill Partners LLC raised its position in Ameren by 400.2% during the third quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock worth $117,000 after acquiring an additional 1,625 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Ameren by 2.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock worth $132,000 after acquiring an additional 56 shares during the last quarter. Finally, Seizert Capital Partners LLC acquired a new position in Ameren during the third quarter worth about $201,000. Institutional investors own 70.39% of the company’s stock.

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About Ameren

Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.

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