Analysts Expect Ameren Corp (AEE) to Announce $0.79 EPS

Wall Street analysts forecast that Ameren Corp (NYSE:AEE) will post earnings of $0.79 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Ameren’s earnings, with the highest EPS estimate coming in at $0.83 and the lowest estimate coming in at $0.75. Ameren also reported earnings per share of $0.79 during the same quarter last year. The firm is scheduled to announce its next quarterly earnings results on Friday, November 2nd.

On average, analysts expect that Ameren will report full-year earnings of $3.21 per share for the current financial year, with EPS estimates ranging from $3.02 to $3.26. For the next financial year, analysts expect that the firm will report earnings of $3.26 per share, with EPS estimates ranging from $3.21 to $3.30. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Ameren.

Ameren (NYSE:AEE) last issued its quarterly earnings results on Friday, August 3rd. The utilities provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.18. Ameren had a net margin of 9.85% and a return on equity of 10.60%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the business earned $0.79 earnings per share. The business’s quarterly revenue was up 1.7% on a year-over-year basis.

AEE has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Ameren from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a report on Tuesday, May 29th. Goldman Sachs Group upgraded shares of Ameren from a “sell” rating to a “neutral” rating and set a $61.00 target price on the stock in a report on Tuesday, May 22nd. Morgan Stanley cut their target price on shares of Ameren from $61.00 to $57.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 13th. Finally, Barclays initiated coverage on shares of Ameren in a report on Tuesday, July 10th. They issued an “equal weight” rating and a $63.00 target price on the stock. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $63.29.

NYSE AEE traded up $0.84 on Thursday, reaching $64.45. 2,197,000 shares of the company’s stock traded hands, compared to its average volume of 1,595,427. Ameren has a 12 month low of $51.89 and a 12 month high of $64.89. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.45. The stock has a market capitalization of $15.32 billion, a P/E ratio of 22.77, a PEG ratio of 2.92 and a beta of 0.27.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Wednesday, September 12th will be issued a $0.4575 dividend. This represents a $1.83 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Tuesday, September 11th. Ameren’s dividend payout ratio is 64.66%.

In related news, SVP Bruce A. Steinke sold 3,000 shares of the firm’s stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $56.66, for a total value of $169,980.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark C. Birk sold 3,500 shares of the firm’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $56.21, for a total value of $196,735.00. Following the completion of the sale, the senior vice president now directly owns 51,250 shares of the company’s stock, valued at approximately $2,880,762.50. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock worth $689,455 in the last 90 days. Company insiders own 0.44% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Adviser Investments LLC purchased a new position in Ameren during the first quarter valued at $105,000. Dupont Capital Management Corp lifted its position in Ameren by 216.8% during the first quarter. Dupont Capital Management Corp now owns 2,335 shares of the utilities provider’s stock valued at $132,000 after buying an additional 1,598 shares during the period. Signaturefd LLC purchased a new position in Ameren during the first quarter valued at $133,000. Rampart Investment Management Company LLC purchased a new position in Ameren during the second quarter valued at $150,000. Finally, Orrstown Financial Services Inc. purchased a new position in Ameren during the second quarter valued at $152,000. 70.86% of the stock is owned by institutional investors.

Ameren Company Profile

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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