Analysts Anticipate Ameren Corp (AEE) Will Announce Earnings of $0.35 Per Share

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Equities research analysts expect Ameren Corp (NYSE:AEE) to announce earnings of $0.35 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Ameren’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.42. Ameren posted earnings per share of $0.39 in the same quarter last year, which suggests a negative year over year growth rate of 10.3%. The company is scheduled to report its next earnings report on Friday, February 15th.

According to Zacks, analysts expect that Ameren will report full year earnings of $3.37 per share for the current year, with EPS estimates ranging from $3.23 to $3.41. For the next financial year, analysts expect that the company will report earnings of $3.28 per share, with EPS estimates ranging from $3.24 to $3.31. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Ameren.

Ameren (NYSE:AEE) last released its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $1.50 EPS for the quarter, topping the consensus estimate of $1.31 by $0.19. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.82 billion. Ameren had a return on equity of 11.38% and a net margin of 10.95%. Ameren’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 EPS.

Several equities analysts recently commented on the company. UBS Group lowered Ameren from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a research report on Thursday, November 29th. Barclays set a $67.00 price target on Ameren and gave the stock a “hold” rating in a research report on Saturday, November 17th. ValuEngine raised Ameren from a “hold” rating to a “buy” rating in a research report on Monday, November 12th. Wolfe Research lowered Ameren from an “outperform” rating to a “hold” rating in a research report on Friday, October 26th. Finally, SunTrust Banks started coverage on Ameren in a research report on Wednesday, September 26th. They issued a “hold” rating and a $64.00 target price on the stock. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $66.38.

In other news, SVP Gregory L. Nelson sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $69.00, for a total value of $690,000.00. Following the completion of the sale, the senior vice president now directly owns 46,095 shares in the company, valued at approximately $3,180,555. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael L. Moehn sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $69.00, for a total value of $552,000.00. Following the completion of the sale, the insider now owns 80,567 shares of the company’s stock, valued at $5,559,123. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of AEE. Janney Montgomery Scott LLC grew its stake in Ameren by 16.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 7,822 shares of the utilities provider’s stock worth $476,000 after buying an additional 1,080 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of Ameren in the second quarter worth $213,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Ameren in the second quarter worth $1,552,000. Sei Investments Co. grew its stake in shares of Ameren by 1,170.5% in the second quarter. Sei Investments Co. now owns 98,350 shares of the utilities provider’s stock worth $5,985,000 after purchasing an additional 90,609 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Ameren by 19.7% in the second quarter. Toronto Dominion Bank now owns 156,530 shares of the utilities provider’s stock worth $9,523,000 after purchasing an additional 25,737 shares in the last quarter. Institutional investors and hedge funds own 72.48% of the company’s stock.

Ameren stock opened at $69.81 on Friday. The company has a market cap of $17.05 billion, a P/E ratio of 24.67, a P/E/G ratio of 3.05 and a beta of 0.18. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.98. Ameren has a one year low of $51.89 and a one year high of $70.95.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Wednesday, December 12th will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.72%. This is a positive change from Ameren’s previous quarterly dividend of $0.46. The ex-dividend date is Tuesday, December 11th. Ameren’s dividend payout ratio is presently 67.14%.

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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