American Electric Power Company, Inc. (NYSE:AEP) is reporting third quarter earnings results on Thursday 22nd October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.45 per share.
For the full year, analysts predict revenues of $ 15667.60 million, while looking forward to income of $ 4.32 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 4.25 ~ $ 4.45 per share
Click Here For More Historical Outlooks Of American Electric Power Company, Inc.
Previous Quarter Performance
American Electric Power Company, Inc. unveiled income for the second quarter of $ 1.08 per share, from the revenue of $ 3,500.00 million. The quarterly earnings raised 8.00 percent while revenues contracted 2.78 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.06 per share from $ 3872.06 million in revenue. The bottom line results beat street analysts by $ 0.02 or 1.89 percent, at the same time, top line results fell short of analysts by $ 372.06 million or 9.61 percent.
Stock Performance
Shares of American Electric Power Company, Inc. traded up $ 0.16 or 0.18 percent on Wednesday, reaching $ 90.84 with volume of 1.44 million shares. The stock opened down for the day at $ 90.41, after closing the previous day trading at $ 90.68.
According to the previous trading day, closing price of $ 90.68, representing a 39.21 % increase from the 52 week low of $ 65.14 and a 13.61 % decrease over the 52 week high of $ 104.97.
The company has a market capital of $ 45.07 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by KeyBanc at Overweight rating, with $ 97.00 target price.
- On 18th September 2020, maintained by Morgan Stanley at Overweight rating, with $ 98.00 target price.
Recent Stock Dividend Announcement
On October 20, 2020, the board of directors authorized quarterly dividend of $ 0.74 per share to holders of record as of the close of business on November 10, 2020, with payment date of December 10, 2020 and ex-dividend date on November 9, 2020.
On July 21, 2020, the board of directors authorized quarterly dividend of $ 0.70 per share to holders of record as of the close of business on August 10, 2020, with payment date of September 10, 2020 and ex-dividend date on August 7, 2020.
Conference Call
American Electric Power Company, Inc. will be hosting a conference call at 9:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.aep.com
American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants.
