Analysts Anticipate Ameren Co. (NYSE:AEE) Will Announce Earnings of $1.59 Per Share

Equities analysts forecast that Ameren Co. (NYSE:AEE) will post $1.59 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Ameren’s earnings. The lowest EPS estimate is $1.55 and the highest is $1.61. Ameren reported earnings of $1.47 per share in the same quarter last year, which suggests a positive year over year growth rate of 8.2%. The company is expected to issue its next quarterly earnings results on Wednesday, November 3rd.

On average, analysts expect that Ameren will report full-year earnings of $3.76 per share for the current year, with EPS estimates ranging from $3.74 to $3.79. For the next fiscal year, analysts expect that the business will report earnings of $4.04 per share, with EPS estimates ranging from $4.00 to $4.08. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Ameren.

Ameren (NYSE:AEE) last issued its quarterly earnings results on Wednesday, August 4th. The utilities provider reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.02. Ameren had a net margin of 15.38% and a return on equity of 10.11%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the company posted $0.98 EPS.

A number of research analysts recently weighed in on the stock. Mizuho lifted their target price on shares of Ameren from $83.00 to $88.00 and gave the company a “neutral” rating in a research note on Wednesday, August 25th. BMO Capital Markets lifted their price target on shares of Ameren from $88.00 to $91.00 and gave the company an “outperform” rating in a report on Tuesday, August 24th. They noted that the move was a valuation call. Morgan Stanley reduced their price target on shares of Ameren from $92.00 to $90.00 and set an “equal weight” rating on the stock in a report on Friday. Barclays lifted their price target on shares of Ameren from $81.00 to $88.00 and gave the company an “equal weight” rating in a report on Tuesday, May 25th. Finally, The Goldman Sachs Group downgraded shares of Ameren from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a report on Tuesday, June 15th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Ameren presently has an average rating of “Hold” and a consensus price target of $89.33.

Shares of AEE traded down $0.16 during trading hours on Monday, reaching $83.44. 1,091,970 shares of the stock traded hands, compared to its average volume of 1,380,848. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 1.32. Ameren has a 52-week low of $69.79 and a 52-week high of $90.77. The company’s 50-day moving average price is $86.30 and its two-hundred day moving average price is $83.62. The company has a market cap of $21.46 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 3.15 and a beta of 0.26.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 8th will be issued a $0.55 dividend. The ex-dividend date is Tuesday, September 7th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.64%. Ameren’s dividend payout ratio (DPR) is presently 62.86%.

Several institutional investors have recently bought and sold shares of AEE. Allworth Financial LP bought a new stake in shares of Ameren in the 2nd quarter worth about $28,000. Liberty Wealth Management LLC increased its holdings in shares of Ameren by 7,940.0% in the 2nd quarter. Liberty Wealth Management LLC now owns 2,412 shares of the utilities provider’s stock worth $30,000 after buying an additional 2,382 shares during the last quarter. Providence Capital Advisors LLC bought a new stake in shares of Ameren in the 2nd quarter worth about $35,000. E Fund Management Co. Ltd. bought a new stake in shares of Ameren in the 1st quarter worth about $36,000. Finally, CSat Investment Advisory L.P. increased its holdings in shares of Ameren by 37.6% in the 1st quarter. CSat Investment Advisory L.P. now owns 542 shares of the utilities provider’s stock worth $44,000 after buying an additional 148 shares during the last quarter. Hedge funds and other institutional investors own 75.46% of the company’s stock.

About Ameren

Ameren Corp. is a public utility holding company, which engages in the provision of electric and natural gas services. It operates through the following segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, Ameren Transmission, and Other. The Ameren Transmission segment consists of the aggregated electric transmission businesses of Ameren Illinois and Ameren Transmission Company of Illinois (ATXI).

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Earnings History and Estimates for Ameren (NYSE:AEE)

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