American Electric Power (NYSE:AEP) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, April 25th. Analysts expect the company to announce earnings of $1.01 per share for the quarter. American Electric Power has set its FY18 guidance at $3.75-3.95 EPS.
American Electric Power (NYSE:AEP) last announced its earnings results on Thursday, January 25th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.92 billion. American Electric Power had a return on equity of 10.05% and a net margin of 12.39%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share. On average, analysts expect American Electric Power to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of American Electric Power stock opened at $68.86 on Wednesday. The company has a market cap of $33,131.65, a price-to-earnings ratio of 18.71, a P/E/G ratio of 3.22 and a beta of 0.17. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.51 and a quick ratio of 0.40. American Electric Power has a 12-month low of $63.32 and a 12-month high of $78.07.
AEP has been the subject of a number of recent analyst reports. Deutsche Bank raised American Electric Power from a “hold” rating to a “buy” rating and upped their target price for the stock from $68.25 to $75.00 in a research report on Thursday, January 18th. Mizuho raised American Electric Power from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 17th. SunTrust Banks reiterated a “buy” rating and set a $78.00 price target on shares of American Electric Power in a report on Tuesday, January 9th. Morgan Stanley cut their price target on American Electric Power from $77.00 to $71.00 and set a “buy” rating for the company in a report on Tuesday, February 13th. Finally, UBS began coverage on American Electric Power in a research note on Friday, February 2nd. They issued a “buy” rating and a $76.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $74.14.
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American Electric Power Company Profile
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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.
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