American Electric Power (AEP) Scheduled to Post Earnings on Tuesday

American Electric Power (NASDAQ:AEP) is set to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect American Electric Power to post earnings of $1.36 per share for the quarter. American Electric Power has set its FY 2024 guidance at 5.530-5.730 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.12 billion. During the same period in the prior year, the company posted $1.05 EPS. The firm’s revenue was down 6.1% compared to the same quarter last year. On average, analysts expect American Electric Power to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

American Electric Power Stock Up 0.8 %

AEP stock opened at $84.90 on Tuesday. The business’s 50-day moving average is $83.05 and its two-hundred day moving average is $80.15. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.53. American Electric Power has a fifty-two week low of $69.38 and a fifty-two week high of $94.73. The company has a market cap of $44.71 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 2.98 and a beta of 0.51.

Analysts Set New Price Targets

AEP has been the topic of several recent research reports. Scotiabank decreased their price objective on American Electric Power from $92.00 to $86.00 and set a “sector outperform” rating on the stock in a research note on Monday. Cfra restated a “buy” rating and set a $92.00 price target (up previously from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. LADENBURG THALM/SH SH cut American Electric Power from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $75.50 to $73.00 in a report on Friday, March 8th. BMO Capital Markets lifted their target price on American Electric Power from $87.00 to $88.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Finally, Barclays lifted their target price on American Electric Power from $83.00 to $84.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $86.08.

About American Electric Power

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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.