American Electric Power Company Inc (AEP) Issues FY14 Earnings Guidance

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American Electric Power Company Inc (NYSE:AEP) issued an update on its FY14 earnings guidance on Friday morning. The company provided EPS guidance of $3.35-3.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.49, StockRatingsNetwork reports.

Shares of American Electric Power Company Inc (NYSE:AEP) opened at 54.01 on Friday. American Electric Power Company Inc has a 52-week low of $41.83 and a 52-week high of $55.94. The stock’s 50-day moving average is $54.10 and its 200-day moving average is $51.19. The company has a market cap of $26.361 billion and a P/E ratio of 15.68.

American Electric Power Company (NYSE:AEP) last announced its earnings results on Friday, July 25th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.05. The company had revenue of $4.00 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. On average, analysts predict that American Electric Power Company Inc will post $3.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Friday, August 8th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Wednesday, August 6th.

Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. set a $52.00 price target on shares of American Electric Power Company in a research note on Wednesday, July 9th. On a related note, analysts at Zacks upgraded shares of American Electric Power Company from a neutral rating to an outperform rating in a research note on Wednesday, July 2nd. They now have a $66.00 price target on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of American Electric Power Company in a research note on Monday, June 30th. They now have a $58.00 price target on the stock. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $54.70.

American Electric Power Company, Inc (NYSE:AEP) is a utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries.

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