American Electric Power (AEP) to Release Earnings on Wednesday

American Electric Power (NASDAQ:AEP) will be releasing its earnings data before the market opens on Wednesday, November 6th. Analysts expect American Electric Power to post earnings of $1.80 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.02. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.74 billion. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.13 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 Stock Down 1.7 %

Shares of NASDAQ AEP opened at $97.39 on Wednesday. The stock has a market cap of $51.82 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. American Electric Power has a 52-week low of $74.37 and a 52-week high of $105.18. The business has a 50-day moving average price of $100.70 and a 200 day moving average price of $94.18. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.53.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.82%. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date is Friday, November 8th. American Electric Power’s payout ratio is presently 74.10%.

Analyst Ratings Changes

Several research firms have commented on AEP. Wells Fargo & Company upped their price objective on American Electric Power from $98.00 to $104.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Bank of America boosted their price target on shares of American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. Scotiabank increased their target price on American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group began coverage on American Electric Power in a research note on Friday, September 20th. They issued a “hold” rating and a $107.00 price target on the stock. Finally, Guggenheim increased their price target on shares of American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, American Electric Power has an average rating of “Hold” and an average price target of $98.43.

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.