Ameren Corporation (NYSE:AEE) Updates FY17 Earnings Guidance
Ameren Corporation (NYSE:AEE) updated its FY17 earnings guidance on Friday. The company provided earnings per share guidance of $2.70-2.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.77.
Several equities research analysts recently issued reports on the stock. BidaskClub cut shares of Ameren Corporation from a hold rating to a sell rating in a research report on Saturday, July 1st. Barclays PLC lowered shares of Ameren Corporation from an overweight rating to an equal weight rating and cut their price target for the company from $60.00 to $58.00 in a report on Thursday, May 25th. Goldman Sachs Group, Inc. (The) lowered shares of Ameren Corporation from a neutral rating to a sell rating and set a $51.00 price target on the stock. in a report on Monday, June 26th. Zacks Investment Research lowered shares of Ameren Corporation from a buy rating to a hold rating in a report on Tuesday, April 11th. Finally, Morgan Stanley restated an overweight rating on shares of Ameren Corporation in a report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Ameren Corporation presently has an average rating of Hold and a consensus price target of $54.75.
Ameren Corporation (AEE) traded up 0.88% on Friday, reaching $57.50. 1,307,037 shares of the company traded hands. The stock has a market capitalization of $13.95 billion, a price-to-earnings ratio of 21.55 and a beta of 0.36. The firm has a 50 day moving average price of $55.55 and a 200 day moving average price of $54.77. Ameren Corporation has a 52-week low of $46.84 and a 52-week high of $57.65.
Ameren Corporation (NYSE:AEE) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.10. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Ameren Corporation had a return on equity of 9.01% and a net margin of 10.56%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. Equities research analysts predict that Ameren Corporation will post $2.77 EPS for the current year.
In related news, Chairman Warner L. Baxter sold 13,310 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $56.23, for a total value of $748,421.30. Following the completion of the sale, the chairman now owns 145,939 shares of the company’s stock, valued at approximately $8,206,149.97. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.38% of the company’s stock.
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Ameren Corporation Company Profile
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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