Ameren (AEE) to Release Quarterly Earnings on Wednesday

Ameren (NYSE:AEE - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.99 per share for the quarter. Ameren has set its FY24 guidance at $4.52-4.72 EPS and its FY 2024 guidance at 4.520-4.720 EPS.Parties that wish to listen to the company's conference call can do so using this link.

Ameren (NYSE:AEE - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.04. Ameren had a return on equity of 10.20% and a net margin of 16.28%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the business posted $0.90 earnings per share. The firm's revenue was down 3.8% compared to the same quarter last year. On average, analysts expect Ameren to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Ameren Stock Performance

Shares of NYSE AEE traded up $0.60 during trading hours on Wednesday, hitting $86.61. 1,088,257 shares of the company's stock were exchanged, compared to its average volume of 1,578,792. The company's 50-day moving average price is $85.55 and its 200-day moving average price is $78.28. Ameren has a 1-year low of $67.03 and a 1-year high of $89.54. The stock has a market capitalization of $23.10 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 2.89 and a beta of 0.45. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.67 and a quick ratio of 0.45.

Ameren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.09%. Ameren's dividend payout ratio (DPR) is presently 60.63%.

Insider Buying and Selling at Ameren

In related news, EVP Chonda J. Nwamu sold 1,610 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $81.94, for a total transaction of $131,923.40. Following the completion of the sale, the executive vice president now owns 44,432 shares in the company, valued at $3,640,758.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.36% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AEE shares. Bank of America boosted their target price on shares of Ameren from $86.00 to $87.00 and gave the stock a "neutral" rating in a research report on Thursday, August 29th. BMO Capital Markets upped their price objective on shares of Ameren from $84.00 to $87.00 and gave the company an "outperform" rating in a research report on Tuesday, August 6th. Argus raised Ameren to a "strong-buy" rating in a research report on Thursday, September 19th. Mizuho raised Ameren from a "neutral" rating to an "outperform" rating and upped their price target for the company from $82.00 to $89.00 in a report on Monday, September 16th. Finally, Morgan Stanley lifted their price objective on Ameren from $81.00 to $85.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Ameren has a consensus rating of "Moderate Buy" and a consensus target price of $87.80.

Ameren Company Profile

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.