American Electric Power Company Inc (NYSE:AEP) Expected to Announce Quarterly Sales of $3.50 Billion

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Analysts expect American Electric Power Company Inc (NYSE:AEP) to report $3.50 billion in sales for the current quarter, according to Zacks. Two analysts have issued estimates for American Electric Power’s earnings, with the lowest sales estimate coming in at $2.92 billion and the highest estimate coming in at $4.09 billion. American Electric Power posted sales of $3.80 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 7.9%. The business is scheduled to announce its next earnings report on Thursday, January 23rd.

On average, analysts expect that American Electric Power will report full-year sales of $15.93 billion for the current year, with estimates ranging from $15.59 billion to $16.15 billion. For the next fiscal year, analysts anticipate that the company will post sales of $16.90 billion, with estimates ranging from $16.06 billion to $17.71 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover American Electric Power.

American Electric Power (NYSE:AEP) last posted its quarterly earnings data on Thursday, October 24th. The utilities provider reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.14. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $5.08 billion. American Electric Power had a net margin of 13.52% and a return on equity of 11.09%. During the same quarter last year, the firm posted $1.26 earnings per share.

Several equities analysts have weighed in on AEP shares. UBS Group lifted their price target on shares of American Electric Power from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, September 20th. Wolfe Research set a $101.00 price target on shares of American Electric Power and gave the company a “buy” rating in a report on Friday, October 25th. SunTrust Banks set a $102.00 price target on shares of American Electric Power and gave the company a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their price target on shares of American Electric Power from $92.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, Morgan Stanley lifted their price target on shares of American Electric Power from $91.00 to $97.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $95.27.

In other news, insider Charles E. Zebula sold 1,216 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $90.98, for a total value of $110,631.68. Following the transaction, the insider now owns 7,420 shares of the company’s stock, valued at $675,071.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. IMA Wealth Inc. bought a new position in American Electric Power during the second quarter valued at $30,000. JJJ Advisors Inc. bought a new position in American Electric Power during the second quarter valued at $31,000. Tarbox Family Office Inc. increased its position in American Electric Power by 38.9% during the second quarter. Tarbox Family Office Inc. now owns 436 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 122 shares during the last quarter. Kings Point Capital Management bought a new position in American Electric Power during the second quarter valued at $39,000. Finally, Venturi Wealth Management LLC bought a new position in American Electric Power during the third quarter valued at $43,000. 73.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:AEP opened at $89.56 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.48 and a quick ratio of 0.36. American Electric Power has a 1-year low of $72.25 and a 1-year high of $96.22. The company has a market capitalization of $43.71 billion, a P/E ratio of 22.67, a P/E/G ratio of 3.81 and a beta of 0.07. The firm’s 50 day simple moving average is $92.73 and its two-hundred day simple moving average is $90.10.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, November 7th. This is an increase from American Electric Power’s previous quarterly dividend of $0.67. American Electric Power’s payout ratio is 70.89%.

About American Electric Power

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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