Ameren (AEE) Releases FY18 Earnings Guidance

Share on StockTwits

Ameren (NYSE:AEE) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.35-3.45 for the period, compared to the Thomson Reuters consensus estimate of $3.36.

Several brokerages recently issued reports on AEE. SunTrust Banks began coverage on Ameren in a research note on Wednesday, September 26th. They set a hold rating and a $64.00 price objective on the stock. Barclays set a $67.00 target price on Ameren and gave the company a hold rating in a research note on Saturday, November 17th. ValuEngine upgraded Ameren from a hold rating to a buy rating in a research note on Tuesday, October 9th. UBS Group cut Ameren from a buy rating to a neutral rating and set a $71.00 target price on the stock. in a research note on Thursday, November 29th. Finally, Morgan Stanley cut their target price on Ameren from $67.00 to $65.00 and set an equal weight rating on the stock in a research note on Friday, September 21st. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $66.38.

AEE stock opened at $65.81 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $15.73 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 2.89 and a beta of 0.24. Ameren has a 1 year low of $51.89 and a 1 year high of $70.95.

Ameren (NYSE:AEE) last posted its earnings results on Wednesday, October 31st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.19. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Ameren had a return on equity of 11.38% and a net margin of 10.95%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the business posted $1.24 earnings per share. As a group, analysts predict that Ameren will post 3.4 EPS for the current year.

In other news, insider Michael L. Moehn sold 8,000 shares of the firm’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $69.00, for a total transaction of $552,000.00. Following the transaction, the insider now directly owns 80,567 shares of the company’s stock, valued at $5,559,123. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Gregory L. Nelson sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $69.00, for a total value of $690,000.00. Following the transaction, the senior vice president now directly owns 46,095 shares in the company, valued at $3,180,555. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION WARNING: “Ameren (AEE) Releases FY18 Earnings Guidance” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/4069997/ameren-aee-releases-fy18-earnings-guidance.html.

About Ameren

Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.

Featured Article: What does EPS mean?

Earnings History and Estimates for Ameren (NYSE:AEE)

Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Ameren  Releases FY18 Earnings Guidance
Ameren Releases FY18 Earnings Guidance
Donald Lundbom Sells 10,000 Shares of Cannabis Sativa Inc  Stock
Donald Lundbom Sells 10,000 Shares of Cannabis Sativa Inc Stock
Telsey Advisory Group Increases Chipotle Mexican Grill  Price Target to $500.00
Telsey Advisory Group Increases Chipotle Mexican Grill Price Target to $500.00
Research Analysts Issue Forecasts for Citigroup Inc’s FY2018 Earnings
Research Analysts Issue Forecasts for Citigroup Inc’s FY2018 Earnings
Piper Jaffray Companies Weighs in on Cabot Oil & Gas Co.’s FY2018 Earnings
Piper Jaffray Companies Weighs in on Cabot Oil & Gas Co.’s FY2018 Earnings
Vanguard Group Inc Acquires 240,271 Shares of Capitol Federal Financial, Inc.
Vanguard Group Inc Acquires 240,271 Shares of Capitol Federal Financial, Inc.


Leave a Reply

© 2006-2019 Ticker Report