American Electric Power (NYSE:AEP) is scheduled to announce its earnings results before the market opens on Thursday, October 25th. Analysts expect the company to announce earnings of $1.17 per share for the quarter. American Electric Power has set its FY18 guidance at $3.75 to $3.95 EPS.

American Electric Power (NYSE:AEP) last announced its earnings results on Wednesday, July 25th. The utilities provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.13. American Electric Power had a return on equity of 10.50% and a net margin of 12.09%. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same period last year, the business posted $0.75 EPS. The company’s revenue was up 11.1% on a year-over-year basis. On average, analysts expect American Electric Power to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of AEP stock traded up $0.08 during midday trading on Thursday, hitting $71.80. The company had a trading volume of 17,422 shares, compared to its average volume of 3,002,765. American Electric Power has a 52-week low of $62.71 and a 52-week high of $78.07. The company has a market capitalization of $34.94 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 3.26 and a beta of 0.10. The company has a current ratio of 0.50, a quick ratio of 0.40 and a debt-to-equity ratio of 1.05.

Several research analysts have weighed in on AEP shares. Goldman Sachs Group upgraded American Electric Power from a “neutral” rating to a “buy” rating and lowered their target price for the company from $76.00 to $74.00 in a research note on Thursday, July 19th. Mizuho reiterated a “buy” rating and issued a $74.50 target price on shares of American Electric Power in a research note on Friday, July 27th. SunTrust Banks reiterated a “buy” rating and issued a $80.00 target price on shares of American Electric Power in a research note on Wednesday, July 25th. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Monday, September 10th. They noted that the move was a valuation call. Finally, Morgan Stanley lifted their target price on American Electric Power from $76.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 11th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $75.97.

American Electric Power Company Profile

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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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Earnings History for American Electric Power (NYSE:AEP)

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