Zacks: Brokerages Expect Ameren Corp (NYSE:AEE) Will Post Earnings of $0.83 Per Share

Wall Street analysts expect Ameren Corp (NYSE:AEE) to post earnings per share of $0.83 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Ameren’s earnings, with the lowest EPS estimate coming in at $0.74 and the highest estimate coming in at $0.90. Ameren posted earnings of $0.97 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 14.4%. The company is scheduled to announce its next earnings report before the market opens on Friday, August 2nd.

According to Zacks, analysts expect that Ameren will report full year earnings of $3.28 per share for the current year, with EPS estimates ranging from $3.20 to $3.34. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.52 per share, with EPS estimates ranging from $3.46 to $3.57. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Ameren.

Ameren (NYSE:AEE) last posted its earnings results on Thursday, May 9th. The utilities provider reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.08. Ameren had a net margin of 13.65% and a return on equity of 11.22%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the firm posted $0.62 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis.

Several equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a report on Monday, May 6th. KeyCorp assumed coverage on shares of Southern in a report on Tuesday, June 4th. They set a “sector weight” rating for the company. Finally, ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $70.40.

NYSE:AEE traded up $0.08 during mid-day trading on Wednesday, hitting $76.24. 18,275 shares of the company’s stock traded hands, compared to its average volume of 1,026,588. The company has a current ratio of 0.59, a quick ratio of 0.43 and a debt-to-equity ratio of 1.05. The business has a 50 day simple moving average of $75.72. Ameren has a 1 year low of $59.94 and a 1 year high of $77.77. The stock has a market capitalization of $18.73 billion, a P/E ratio of 22.59, a PEG ratio of 3.73 and a beta of 0.27.

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th were issued a dividend of $0.475 per share. The ex-dividend date was Tuesday, June 11th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.49%. Ameren’s dividend payout ratio (DPR) is presently 56.38%.

In other news, SVP Mary P. Heger sold 3,000 shares of Ameren stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $76.02, for a total transaction of $228,060.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn E. Schukar sold 1,200 shares of Ameren stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $75.27, for a total transaction of $90,324.00. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of AEE. Cornerstone Advisors Inc. increased its holdings in shares of Ameren by 104.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 373 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 191 shares during the period. Berman Capital Advisors LLC bought a new position in Ameren in the 4th quarter valued at approximately $27,000. Interactive Financial Advisors bought a new position in Ameren in the 1st quarter valued at approximately $33,000. Cullen Frost Bankers Inc. bought a new position in Ameren in the 1st quarter valued at approximately $34,000. Finally, Larson Financial Group LLC lifted its position in Ameren by 78.0% in the 1st quarter. Larson Financial Group LLC now owns 575 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 252 shares in the last quarter. Institutional investors and hedge funds own 71.87% of the company’s stock.

About Ameren

Ameren Corporation 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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