American Electric Power (NYSE:AEP) Releases FY19 Earnings Guidance

American Electric Power (NYSE:AEP) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $4.14-4.24 for the period, compared to the Thomson Reuters consensus estimate of $4.16.

Shares of AEP stock opened at $95.67 on Thursday. The stock has a market cap of $46.49 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 4.00 and a beta of 0.09. The business has a 50-day simple moving average of $92.88 and a 200-day simple moving average of $89.18. The company has a quick ratio of 0.36, a current ratio of 0.49 and a debt-to-equity ratio of 1.29. American Electric Power has a 52-week low of $72.07 and a 52-week high of $95.10.

American Electric Power (NYSE:AEP) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.02. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $4.13 billion. American Electric Power had a return on equity of 10.69% and a net margin of 12.53%. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 EPS. Sell-side analysts anticipate that American Electric Power will post 4.17 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.93%. This is a boost from American Electric Power’s previous quarterly dividend of $0.67. American Electric Power’s payout ratio is 67.85%.

Several equities analysts have recently issued reports on AEP shares. Mizuho boosted their price objective on American Electric Power from $85.00 to $90.00 and gave the company a neutral rating in a report on Monday, September 16th. ValuEngine cut American Electric Power from a buy rating to a hold rating in a report on Wednesday, October 2nd. Morgan Stanley boosted their price objective on American Electric Power from $91.00 to $97.00 and gave the company an equal weight rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. lifted their price target on American Electric Power from $92.00 to $104.00 and gave the company an overweight rating in a research note on Monday, October 14th. Finally, Bank of America restated a buy rating and issued a $98.00 price target (up previously from $93.00) on shares of American Electric Power in a research note on Tuesday, July 9th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $93.91.

In related news, VP Brian X. Tierney sold 4,458 shares of American Electric Power stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $89.73, for a total value of $400,016.34. Following the completion of the transaction, the vice president now owns 39,745 shares in the company, valued at approximately $3,566,318.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Charles E. Zebula sold 1,216 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $90.98, for a total value of $110,631.68. Following the sale, the insider now owns 7,420 shares of the company’s stock, valued at $675,071.60. The disclosure for this sale can be found here. 0.16% of the stock is owned by insiders.

About American Electric Power

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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Earnings History and Estimates for American Electric Power (NYSE:AEP)

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