American Electric Power (AEP) to Release Earnings on Tuesday

American Electric Power (NASDAQ:AEP) is scheduled to post its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect American Electric Power to post earnings of $1.36 per share for the quarter. American Electric Power has set its FY 2024 guidance at 5.530-5.730 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.03). The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $5.12 billion. American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The company’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS. On average, analysts expect American Electric Power to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

American Electric Power Trading Down 1.8 %

NASDAQ:AEP opened at $85.26 on Friday. The company has a market cap of $44.90 billion, a P/E ratio of 20.06, a P/E/G ratio of 3.07 and a beta of 0.51. The stock’s fifty day moving average price is $83.53 and its two-hundred day moving average price is $80.46. American Electric Power has a 1 year low of $69.38 and a 1 year high of $93.56. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a $0.88 dividend. The ex-dividend date is Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.13%. American Electric Power’s dividend payout ratio (DPR) is presently 82.82%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AEP shares. LADENBURG THALM/SH SH downgraded American Electric Power from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $75.50 to $73.00 in a research report on Friday, March 8th. Mizuho downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a research report on Thursday, January 11th. BMO Capital Markets increased their price objective on American Electric Power from $87.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Guggenheim downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research report on Monday, January 22nd. Finally, StockNews.com downgraded American Electric Power from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, American Electric Power currently has a consensus rating of “Hold” and an average price target of $86.08.

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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.