Equities research analysts expect Ameren Corp (NYSE:AEE) to post sales of $1.73 billion for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Ameren’s earnings, with estimates ranging from $1.71 billion to $1.75 billion. Ameren reported sales of $1.66 billion during the same quarter last year, which indicates a positive year over year growth rate of 4.2%. The firm is scheduled to issue its next quarterly earnings report on Friday, November 13th.
On average, analysts expect that Ameren will report full year sales of $5.93 billion for the current year, with estimates ranging from $5.85 billion to $5.99 billion. For the next financial year, analysts expect that the firm will report sales of $6.24 billion, with estimates ranging from $6.03 billion to $6.38 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Ameren.
Ameren (NYSE:AEE) last announced its earnings results on Thursday, August 6th. The utilities provider reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.03. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. Ameren had a return on equity of 10.27% and a net margin of 14.57%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share.
Shares of AEE traded up $0.44 during trading hours on Thursday, hitting $77.06. 1,152,865 shares of the stock traded hands, compared to its average volume of 1,730,297. The business has a fifty day moving average of $79.54 and a 200-day moving average of $75.40. The firm has a market capitalization of $19.04 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 3.28 and a beta of 0.26. Ameren has a 1-year low of $58.74 and a 1-year high of $87.65. The company has a current ratio of 0.81, a quick ratio of 0.55 and a debt-to-equity ratio of 1.22.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.495 per share. The ex-dividend date is Tuesday, September 8th. This represents a $1.98 annualized dividend and a dividend yield of 2.57%. Ameren’s dividend payout ratio is presently 59.10%.
A number of institutional investors have recently bought and sold shares of AEE. Two Sigma Advisers LP lifted its holdings in Ameren by 30.0% during the 2nd quarter. Two Sigma Advisers LP now owns 200,500 shares of the utilities provider’s stock valued at $14,107,000 after purchasing an additional 46,300 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Ameren by 1.4% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 322,177 shares of the utilities provider’s stock valued at $22,669,000 after purchasing an additional 4,396 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Ameren by 5.0% during the 2nd quarter. Principal Financial Group Inc. now owns 380,463 shares of the utilities provider’s stock worth $26,769,000 after buying an additional 18,165 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Ameren by 3.0% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,353,441 shares of the utilities provider’s stock worth $95,224,000 after buying an additional 39,481 shares during the period. Finally, California State Teachers Retirement System grew its stake in Ameren by 1.2% in the 2nd quarter. California State Teachers Retirement System now owns 501,106 shares of the utilities provider’s stock valued at $35,258,000 after buying an additional 6,001 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.
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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