Ameren Corporation (NYSE:AEE) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, AEE is expected to report 3Q20 income of $ 1.47 per share from revenue of $ 1687.52 million.
For the full year, analysts anticipate top line of $ 6019.15 million, while looking forward to income of $ 3.47 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.40 ~ $ 3.60 per share
Click Here For More Historical Outlooks Of Ameren Corporation
Previous Quarter Performance
Ameren Corporation communicated income for the second quarter of $ 0.98 per share, from the revenue of $ 1,398.00 million. Wall street analysts are predicting, AEE to report 2Q20 income of $ 0.87 per share from revenue of $ 1440.00 million. The bottom line results beat street analysts by $ 0.11 or 12.64 percent, at the same time, top line results fell short of analysts by $ 42 million or 2.92 percent.
Stock Performance
Shares of Ameren Corporation traded up $ 1.11 or 1.33 percent on Tuesday, reaching $ 84.32 with volume of 828.80 thousand shares. Ameren Corporation has traded high as $ 85.25 and has cracked $ 83.58 on the downward trend
According to the previous trading day, closing price of $ 84.32, representing a 41.66 % increase from the 52 week low of $ 58.74 and a 5.08 % decrease over the 52 week high of $ 87.66.
The company has a market capital of $ 20.83 billion and is part of the Utilities sector and Electric Utilities industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 80.00 target price.
- On 21st September 2020, downgraded by Barclays to Underweight from Equal-Weight rating.
- On 18th September 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 81.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.495 per share on August 14, 2020. The dividend were payable on September 30, 2020 to holders of record as of the close of business on September 9, 2020 and ex-dividend date on September 8, 2020.
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
