American Electric Power Company, Inc. (NYSE:AEP) issued its quarterly earnings outcomes on Thursday, October 26th. The utilities supplier reported $1.10 EPS for the quarter, lacking the consensus estimate of $1.16 by ($zero.06), Bloomberg Earnings studies. American Electric Power had a return on fairness of 9.67% and a web margin of 12.21%. The enterprise had income of $four.10 billion for the quarter, in comparison with badyst estimates of $four.42 billion. During the identical quarter within the prior 12 months, the agency earned $1.30 EPS. The agency’s quarterly income was down 12.eight% in comparison with the identical quarter final 12 months. American Electric Power up to date its FY17 steering to $Three.55-Three.68 EPS.
Shares of American Electric Power (NYSE AEP) traded up $zero.36 throughout mid-day buying and selling on Friday, hitting $74.08. 2,310,973 shares of the inventory traded arms, in comparison with its common quantity of 1,988,888. The agency has a market cap of $36,435.51, a P/E ratio of 21.29, a price-to-earnings-growth ratio of four.30 and a beta of zero.29. American Electric Power has a one 12 months low of $57.89 and a one 12 months excessive of $74.92. The firm has a present ratio of zero.56, a fast ratio of zero.34 and a debt-to-equity ratio of 1.01.
The firm additionally not too long ago introduced a quarterly dividend, which will probably be paid on Friday, December eighth. Shareholders of document on Friday, November 10th will probably be given a dividend of $zero.62 per share. This represents a $2.48 dividend on an annualized foundation and a yield of three.35%. The ex-dividend date of this dividend is Thursday, November ninth. This is a rise from American Electric Power’s earlier quarterly dividend of $zero.59. American Electric Power’s dividend payout ratio is at the moment 61.78%.
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A lot of badysis badysts have weighed in on the inventory. Morgan Stanley boosted their goal value on shares of American Electric Power from $71.00 to $73.00 and gave the inventory an “equal weight” ranking in a report on Thursday, August 10th. Royal Bank Of Canada restated a “hold” ranking and set a $74.00 goal value on shares of American Electric Power in a report on Monday, October 30th. Bank of America Corporation began protection on shares of American Electric Power in a report on Tuesday, October 24th. They issued a “buy” ranking and a $79.00 value goal on the inventory. BidaskClub upgraded shares of American Electric Power from a “sell” ranking to a “hold” ranking in a report on Monday, July 31st. Finally, Jefferies Group LLC reiterated a “hold” ranking and issued a $73.00 value goal on shares of American Electric Power in a report on Tuesday, October third. Nine funding badysts have rated the inventory with a maintain ranking and 6 have given a purchase ranking to the corporate’s inventory. The firm presently has a mean ranking of “Hold” and a consensus goal value of $73.91.
American Electric Power Company Profile
American Electric Power Company, Inc (AEP) is a public utility holding firm that owns, immediately or not directly, the entire excellent frequent inventory of its public utility subsidiaries and ranging percentages of different subsidiaries. The service areas of the Company’s public utility subsidiaries cowl the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.
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