Today, American Electric Power Co. (AEP) to Release Earnings on Thursday

Today, American Electric Power Co. (AEP) to Release Earnings on Thursday

American Electric Power Co. (NYSE:AEP) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 20th. Analysts expect American Electric Power to post earnings of $1.11 per share for the quarter. American Electric Power has set its FY16 guidance at $3.60-3.80 EPS.

American Electric Power (NYSE:AEP) last issued its earnings results on Thursday, July 28th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The business earned $3.90 billion during the quarter, compared to analyst estimates of $4.01 billion. American Electric Power had a return on equity of 9.54% and a net margin of 12.50%. American Electric Power’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. On average, analysts expect American Electric Power to post $3.68 EPS for the current fiscal year and $3.78 EPS for the next fiscal year.

American Electric Power Co. (NYSE:AEP) opened at 62.97 on Tuesday. The firm has a market capitalization of $30.96 billion, a price-to-earnings ratio of 15.54 and a beta of 0.23. The company has a 50 day moving average price of $64.24 and a 200-day moving average price of $66.03. American Electric Power Co. has a 52 week low of $53.30 and a 52 week high of $71.32.

A number of equities research analysts recently issued reports on the company. Jefferies Group lowered American Electric Power from a “buy” rating to a “hold” rating and dropped their target price for the company from $77.00 to $67.00 in a research report on Tuesday, September 20th. They noted that the move was a valuation call. Zacks Investment Research raised American Electric Power from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Tuesday, September 13th. KeyCorp set a $72.50 target price on American Electric Power and gave the company a “buy” rating in a research report on Monday, September 12th. Royal Bank Of Canada dropped their target price on American Electric Power from $72.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 13th. Finally, Goldman Sachs Group Inc. raised American Electric Power from a “neutral” rating to a “buy” rating and lifted their target price for the company from $71.00 to $73.00 in a research report on Tuesday, July 26th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. American Electric Power presently has a consensus rating of “Buy” and a consensus target price of $68.17.

A number of hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its position in shares of American Electric Power by 5.9% in the second quarter. Ameritas Investment Partners Inc. now owns 9,713 shares of the company’s stock valued at $681,000 after buying an additional 540 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in shares of American Electric Power during the second quarter valued at $206,000. Segall Bryant & Hamill LLC bought a new position in shares of American Electric Power during the second quarter valued at $207,000. Wetherby Asset Management Inc. boosted its position in shares of American Electric Power by 0.3% in the second quarter. Wetherby Asset Management Inc. now owns 4,812 shares of the company’s stock valued at $338,000 after buying an additional 16 shares in the last quarter. Finally, Bank of Nova Scotia boosted its position in shares of American Electric Power by 6.2% in the second quarter. Bank of Nova Scotia now owns 9,796 shares of the company’s stock valued at $687,000 after buying an additional 570 shares in the last quarter. 68.66% of the stock is owned by institutional investors and hedge funds.

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