Ameren Corp (AEE) Releases Earnings Results, Beats Expectations By $0.06 EPS

Ameren Corp (AEE) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $0.43 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.37. The company posted revenue of $1434.00 million in the period, compared to analysts expectations of $1510.22 million. The company’s revenue was down -7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.

Many Wall Street Analysts have commented on Ameren Corp. Company shares were Upgraded by Barclays on Apr 4, 2016 to ” Overweight”, Firm has raised the Price Target to $ 55 from a previous price target of $46 .Company shares were Reiterated by Barclays on Feb 22, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 46 from a previous price target of $45 .

Ameren Corp closed down -0.69 points or -1.41% at $48.19 with 15,99,108 shares getting traded on Friday. Post opening the session at $48.83, the shares hit an intraday low of $47.82 and an intraday high of $48.83 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Ameren Corporation (Ameren) is a utility holding company. The Company operates in two segments: Ameren Missouri and Ameren Illinois. The Company’s subsidiaries include Ameren Missouri and Ameren Illinois. Ameren also has a subsidiary ATXI that operates a FERC rate-regulated electric transmission business. Ameren Missouri operates a rate-regulated electric generation transmission and distribution business and a rate-regulated natural gas transmission and distribution business in Missouri. It supplies electric and natural gas service to a 24000-square-mile area in central and eastern Missouri. Ameren Illinois operates rate-regulated electric and natural gas transmission and distribution businesses in Illinois. Ameren Illinois supplies electric and natural gas utility service to portions of central and southern Illinois in an area of 40000 square miles.

Ameren Corp

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