Ameren (NYSE:AEE) Posts Earnings Results, Beats Expectations By $0.01 EPS

Ameren (NYSE:AEE) released its quarterly earnings results on Friday. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.01, RTT News reports. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.79 billion. Ameren had a net margin of 13.08% and a return on equity of 10.31%. The business’s revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.50 EPS. Ameren updated its FY19 guidance to $3.23-3.33 EPS.

NYSE AEE traded down $0.82 on Friday, hitting $73.81. 2,344,845 shares of the stock were exchanged, compared to its average volume of 1,458,800. The company has a quick ratio of 0.39, a current ratio of 0.55 and a debt-to-equity ratio of 1.04. Ameren has a fifty-two week low of $62.51 and a fifty-two week high of $80.85. The company has a market cap of $18.43 billion, a PE ratio of 21.90, a PEG ratio of 3.59 and a beta of 0.19. The company has a 50-day moving average price of $77.57 and a 200-day moving average price of $75.98.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be issued a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Tuesday, December 10th. This is a boost from Ameren’s previous quarterly dividend of $0.48. Ameren’s payout ratio is 56.38%.

A number of research analysts recently weighed in on the stock. Argus upgraded shares of Ameren from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. SunTrust Banks dropped their price objective on shares of Ameren from $84.00 to $81.00 and set a “hold” rating for the company in a report on Wednesday, October 16th. ValuEngine cut shares of Ameren from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley lifted their price objective on shares of Ameren from $78.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Finally, Wolfe Research upgraded shares of Ameren from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Thursday, September 12th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Ameren has a consensus rating of “Hold” and an average target price of $78.83.

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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Earnings History for Ameren (NYSE:AEE)

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