American Electric Power (AEP) Issues FY13 Earnings Guidance
American Electric Power (AEP) issued an update on its FY13 earnings guidance on Friday morning. The company provided EPS guidance of $3.05-3.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.13.
A number of research firms have also recently commented on AEP. Analysts at SunTrust reiterated a buy rating on shares of American Electric Power in a research note to investors on Thursday, January 31st. They now have a $48.00 price target on the stock. On a related note, analysts at TheStreet reiterated a buy rating on shares of American Electric Power in a research note to investors on Monday, January 28th.
Five investment analysts have rated the stock with a buy rating, one has assigned an overweight rating, and ten have assigned a hold rating to the stock. The stock has an average rating of overweight and a consensus target price of $45.89.
American Electric Power (AEP) opened at 44.77 on Friday. American Electric Power (AEP) has a 52-week low of $36.97 and a 52-week high of $45.48. The stock’s 50-day moving average is currently $43.99. The company has a market cap of $21.725 billion and a price-to-earnings ratio of 14.04.
American Electric Power last released its earnings data on Friday, February 15th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.05. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. American Electric Power has set its FY13 guidance at $3.05-3.25 EPS.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 8th. Stockholders of record on Friday, February 8th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Wednesday, February 6th.
American Electric Power Company, Inc. (AEP) is a utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries.
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