Ameren (AEE) Scheduled to Post Earnings on Wednesday

Ameren (NYSE:AEE) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Ameren to post earnings of $1.99 per share for the quarter. Ameren has set its FY24 guidance at $4.52-4.72 EPS and its FY 2024 guidance at 4.520-4.720 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Ameren (NYSE:AEE) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. Ameren had a net margin of 16.28% and a return on equity of 10.20%. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the company earned $0.90 earnings per share. Ameren’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, analysts expect Ameren to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Ameren Stock Performance

NYSE:AEE opened at $86.04 on Wednesday. The firm has a market capitalization of $22.94 billion, a PE ratio of 19.47, a PEG ratio of 2.89 and a beta of 0.45. Ameren has a 1 year low of $67.03 and a 1 year high of $89.54. The company has a current ratio of 0.67, a quick ratio of 0.45 and a debt-to-equity ratio of 1.40. The firm’s fifty day simple moving average is $85.55 and its 200 day simple moving average is $78.28.

Ameren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Wednesday, December 11th. Ameren’s dividend payout ratio is currently 60.63%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AEE shares. Morgan Stanley boosted their price objective on Ameren from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group began coverage on Ameren in a research report on Thursday, September 19th. They issued a “buy” rating and a $97.00 price objective for the company. Bank of America boosted their target price on shares of Ameren from $86.00 to $87.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Mizuho raised shares of Ameren from a “neutral” rating to an “outperform” rating and increased their price target for the company from $82.00 to $89.00 in a report on Monday, September 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Ameren from $91.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.80.

Insiders Place Their Bets

In other news, EVP Chonda J. Nwamu sold 1,610 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $81.94, for a total value of $131,923.40. Following the completion of the transaction, the executive vice president now directly owns 44,432 shares of the company’s stock, valued at approximately $3,640,758.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Ameren Company Profile

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.