American Electric Power (NASDAQ:AEP – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.02, Yahoo Finance reports. American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The company had revenue of $5 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter last year, the firm earned $1.11 EPS. American Electric Power’s revenue for the quarter was up 6.4% compared to the same quarter last year. American Electric Power updated its FY 2024 guidance to 5.530-5.730 EPS and its FY24 guidance to $5.53 to $5.73 EPS.
American Electric Power Stock Performance
Shares of American Electric Power stock opened at $86.03 on Wednesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36. The business has a 50-day simple moving average of $83.74 and a 200 day simple moving average of $80.67. The firm has a market capitalization of $45.30 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 3.01 and a beta of 0.51. American Electric Power has a one year low of $69.38 and a one year high of $93.56.
American Electric Power Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Thursday, May 9th. American Electric Power’s payout ratio is 82.82%.
Wall Street Analyst Weigh In
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American Electric Power Company Profile
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.
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