Wall Street brokerages predict that Ameren Corporation (NYSE:AEE) will announce earnings per share (EPS) of $1.48 for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Ameren Corporation’s earnings, with estimates ranging from $1.47 to $1.49. Ameren Corporation reported earnings per share of $1.52 during the same quarter last year, which would suggest a negative year over year growth rate of 2.6%. The firm is scheduled to report its next quarterly earnings results on Friday, November 3rd.
According to Zacks, analysts expect that Ameren Corporation will report full year earnings of $2.79 per share for the current financial year, with EPS estimates ranging from $2.75 to $2.80. For the next financial year, analysts forecast that the business will report earnings of $3.02 per share, with EPS estimates ranging from $3.00 to $3.06. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Ameren Corporation.
Ameren Corporation (NYSE:AEE) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the company posted $0.61 earnings per share. Ameren Corporation’s revenue for the quarter was up 7.8% on a year-over-year basis.
Several research analysts have weighed in on AEE shares. Zacks Investment Research downgraded Ameren Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Barclays PLC reiterated an “overweight” rating and issued a $60.00 target price (up from $56.00) on shares of Ameren Corporation in a research note on Sunday, April 23rd. Goldman Sachs Group, Inc. (The) downgraded Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 target price on the stock. in a research note on Monday, June 26th. BidaskClub downgraded Ameren Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ameren Corporation in a research note on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $55.20.
In other news, Chairman Warner L. Baxter sold 13,310 shares of the firm’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 directly owns 145,939 shares of the company’s stock, valued at approximately $8,206,149.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. acquired a new stake in Ameren Corporation during the second quarter valued at approximately $111,000. First Financial Corp IN boosted its stake in Ameren Corporation by 10.6% in the first quarter. First Financial Corp IN now owns 2,138 shares of the utilities provider’s stock valued at $117,000 after buying an additional 205 shares in the last quarter. Acropolis Investment Management LLC boosted its stake in Ameren Corporation by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock valued at $132,000 after buying an additional 11 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Ameren Corporation by 2.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock valued at $132,000 after buying an additional 56 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Ameren Corporation by 6.8% in the first quarter. Parkside Financial Bank & Trust now owns 2,486 shares of the utilities provider’s stock valued at $136,000 after buying an additional 159 shares in the last quarter. 71.82% of the stock is owned by institutional investors and hedge funds.
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Shares of Ameren Corporation (NYSE AEE) traded up 0.79% on Thursday, reaching $58.54. The company’s stock had a trading volume of 1,401,611 shares. The stock has a 50-day moving average price of $55.70 and a 200-day moving average price of $54.97. Ameren Corporation has a 1-year low of $46.84 and a 1-year high of $58.75. The company has a market capitalization of $14.20 billion, a price-to-earnings ratio of 20.49 and a beta of 0.36.
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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