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 Wednesday 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, Analyst Ratings News reports.

American Electric Power Company Inc (NYSE:AEP) opened at 52.99 on Thursday. American Electric Power Company Inc has a one year low of $41.86 and a one year high of $55.94. The stock has a 50-day moving average of $52.40 and a 200-day moving average of $52.22. The company has a market cap of $25.895 billion and a price-to-earnings ratio of 14.94.

American Electric Power Company (NYSE:AEP) last issued its quarterly earnings data 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.

AEP has been the subject of a number of recent research reports. Analysts at Morgan Stanley downgraded shares of American Electric Power Company from an overweight rating to an equal weight rating in a research note on Monday, August 4th. They now have a $52.00 price target on the stock. They noted that the move was a valuation call. On a related note, analysts at JPMorgan Chase & Co. reiterated a neutral rating on shares of American Electric Power Company in a research note on Monday, July 28th. They now have a $56.00 price target on the stock, up previously from $52.00. Finally, analysts at RBC Capital raised their price target on shares of American Electric Power Company from $53.00 to $54.00 in a research note on Monday, July 28th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. American Electric Power Company currently has an average rating of Buy and an average price target of $54.13.

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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