American Electric Power (NASDAQ:AEP) Issues FY 2021 Earnings Guidance

American Electric Power (NASDAQ:AEP) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided EPS guidance of $4.550-$4.750 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.670. The company issued revenue guidance of -.American Electric Power also updated its FY21 guidance to $4.55-4.75 EPS.

Shares of NASDAQ AEP traded up $0.20 during midday trading on Thursday, hitting $84.92. The stock had a trading volume of 132,506 shares, compared to its average volume of 2,399,474. The company has a market cap of $42.44 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 3.11 and a beta of 0.27. American Electric Power has a 1-year low of $74.80 and a 1-year high of $94.21. The company has a quick ratio of 0.29, a current ratio of 0.42 and a debt-to-equity ratio of 1.42. The business has a fifty day moving average of $85.24.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, July 22nd. The company reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.04. American Electric Power had a return on equity of 10.93% and a net margin of 14.72%. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the company posted $1.08 EPS. American Electric Power’s quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts anticipate that American Electric Power will post 4.68 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 10th. Stockholders of record on Tuesday, August 10th will be issued a $0.74 dividend. The ex-dividend date is Monday, August 9th. This represents a $2.96 annualized dividend and a dividend yield of 3.49%. American Electric Power’s dividend payout ratio (DPR) is 66.67%.

A number of brokerages have recently commented on AEP. Barclays increased their price objective on American Electric Power from $95.00 to $105.00 and gave the company an overweight rating in a report on Tuesday, May 25th. Morgan Stanley increased their price objective on American Electric Power from $103.00 to $105.00 and gave the company an overweight rating in a report on Monday, June 21st. Finally, Mizuho increased their price objective on American Electric Power from $83.00 to $91.00 and gave the company a buy rating in a report on Thursday, April 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $95.00.

In related news, EVP Charles R. Patton sold 1,507 shares of the business’s stock in a transaction that occurred on Tuesday, May 4th. The stock was sold at an average price of $88.39, for a total value of $133,203.73. Following the completion of the sale, the executive vice president now directly owns 26,605 shares in the company, valued at $2,351,615.95. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Lisa M. Barton sold 7,827 shares of the business’s stock in a transaction that occurred on Tuesday, May 4th. The shares were sold at an average price of $88.39, for a total value of $691,828.53. Following the completion of the sale, the chief operating officer now owns 21,662 shares of the company’s stock, valued at $1,914,704.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,502 shares of company stock worth $2,334,826. Company insiders own 0.14% of the company’s stock.

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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.

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Earnings History and Estimates for American Electric Power (NASDAQ:AEP)

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