Wall Street analysts forecast that Ameren Corp (NYSE:AEE) will announce $0.70 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for Ameren’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.76. Ameren posted earnings per share of $0.62 during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.9%. The company is expected to issue its next quarterly earnings report before the market opens on Thursday, May 9th.
On average, analysts expect that Ameren will report full year earnings of $3.27 per share for the current fiscal year, with EPS estimates ranging from $3.20 to $3.30. For the next fiscal year, analysts expect that the firm will post earnings of $3.50 per share, with EPS estimates ranging from $3.46 to $3.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Ameren.
Ameren (NYSE:AEE) last released its quarterly earnings results on Thursday, February 14th. The utilities provider reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.04). The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.56 billion. Ameren had a net margin of 12.95% and a return on equity of 10.87%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 EPS.
Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Ameren from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine downgraded shares of Ameren from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Wells Fargo & Co raised their price target on shares of Ameren from $73.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, February 11th. Finally, Morgan Stanley raised their price target on shares of Ameren from $66.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Ameren currently has a consensus rating of “Hold” and a consensus price target of $68.43.
In other news, CAO Bruce A. Steinke sold 6,441 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.84, for a total value of $456,280.44. Following the transaction, the chief accounting officer now directly owns 48,883 shares of the company’s stock, valued at $3,462,871.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Fadi M. Diya sold 15,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $71.18, for a total transaction of $1,067,700.00. Following the completion of the transaction, the senior vice president now directly owns 62,572 shares in the company, valued at $4,453,874.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 121,873 shares of company stock worth $8,639,431. Insiders own 0.52% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Berman Capital Advisors LLC purchased a new position in Ameren during the fourth quarter worth about $27,000. Cullen Frost Bankers Inc. purchased a new position in Ameren during the first quarter worth about $34,000. Ironwood Financial llc purchased a new position in Ameren during the fourth quarter worth about $31,000. Bremer Trust National Association purchased a new position in Ameren during the fourth quarter worth about $31,000. Finally, Larson Financial Group LLC raised its stake in Ameren by 78.0% during the first quarter. Larson Financial Group LLC now owns 575 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 252 shares during the period. 72.55% of the stock is currently owned by hedge funds and other institutional investors.
AEE traded up $0.13 during midday trading on Thursday, hitting $72.37. 9,989 shares of the company traded hands, compared to its average volume of 1,270,564. The company has a quick ratio of 0.39, a current ratio of 0.57 and a debt-to-equity ratio of 1.01. The company has a market cap of $17.85 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 3.56 and a beta of 0.27. Ameren has a 52-week low of $55.21 and a 52-week high of $74.91.
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.
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