Wall Street brokerages predict that Ameren Corp (NYSE:AEE) will report $0.33 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Ameren’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.35. Ameren reported earnings per share of $0.13 in the same quarter last year, which would suggest a positive year over year growth rate of 153.8%. The business is scheduled to report its next quarterly earnings results on Thursday, February 15th.
On average, analysts expect that Ameren will report full year earnings of $2.80 per share for the current year, with EPS estimates ranging from $2.76 to $2.86. For the next year, analysts forecast that the firm will post earnings of $3.01 per share, with EPS estimates ranging from $2.96 to $3.05. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Ameren.
Ameren (NYSE:AEE) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.07). The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.87 billion. Ameren had a return on equity of 8.61% and a net margin of 10.03%. The business’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 EPS.
A number of equities analysts recently issued reports on AEE shares. BidaskClub upgraded shares of Ameren from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Morgan Stanley cut shares of Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 price target on the stock. in a research note on Wednesday, December 13th. Zacks Investment Research cut shares of Ameren from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Bank of America started coverage on shares of Ameren in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 price target on the stock. Finally, ValuEngine upgraded shares of Ameren from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $56.80.
In other Ameren news, SVP Gregory L. Nelson sold 12,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total value of $752,160.00. Following the completion of the transaction, the senior vice president now owns 36,785 shares of the company’s stock, valued at approximately $2,305,683.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.38% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the business. Moisand Fitzgerald Tamayo LLC purchased a new position in Ameren in the 3rd quarter worth about $116,000. Bessemer Group Inc. purchased a new position in Ameren in the 2nd quarter worth about $111,000. Cable Hill Partners LLC raised its position in Ameren by 400.2% in the 3rd quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock worth $117,000 after buying an additional 1,625 shares during the last quarter. Zeke Capital Advisors LLC purchased a new stake in shares of Ameren during the 3rd quarter valued at about $201,000. Finally, Seizert Capital Partners LLC purchased a new stake in shares of Ameren during the 3rd quarter valued at about $201,000. 70.44% of the stock is owned by institutional investors and hedge funds.
Ameren (NYSE:AEE) opened at $59.49 on Wednesday. The stock has a market cap of $14,781.31, a PE ratio of 23.61, a P/E/G ratio of 3.10 and a beta of 0.36. Ameren has a one year low of $51.35 and a one year high of $64.89. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.61 and a quick ratio of 0.40.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th will be given a $0.4575 dividend. This is a positive change from Ameren’s previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, December 12th. This represents a $1.83 dividend on an annualized basis and a yield of 3.08%. Ameren’s payout ratio is 72.62%.
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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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