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OFFON

AMERICAN ELECTRIC POWER COMPANY, INC.

(AEP)
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American Electric Power 2Q Profit Rises as Commercial, Industrial Sales Rebound

07/22/2021 | 05:31am EDT

By Allison Prang

American Electric Power Co. logged higher revenue and earnings in the second quarter and affirmed its adjusted earnings guidance for the year.

Earnings rose 11% to $578.2 million. On a per-share basis, earnings were $1.16, up from $1.05 in the comparable quarter a year ago.

Adjusted earnings were $1.18 a share and beat the analyst consensus according to FactSet of $1.14 a share.

Revenue was $3.8 billion, up from $3.5 billion. Analysts' consensus estimate was $3.86 billion.

"Commercial and industrial sales have bounced back throughout our service territory across nearly all sectors," Chairman, President and Chief Executive Nicholas Akins said in prepared remarks. "Residential sales are down compared with the second quarter last year as many customers we serve are now returning to the workplace."

The company affirmed its outlook for operating earnings of between $4.55 a share and $4.75 a share. Analysts are expecting $4.67 a share.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

07-22-21 0731ET

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Analyst Recommendations on AMERICAN ELECTRIC POWER COMPANY, INC.
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Financials (USD)
Sales 2021 16 379 M - -
Net income 2021 2 341 M - -
Net Debt 2021 36 877 M - -
P/E ratio 2021 17,9x
Yield 2021 3,55%
Capitalization 42 071 M 42 071 M -
EV / Sales 2021 4,82x
EV / Sales 2022 4,75x
Nbr of Employees 16 787
Free-Float 96,1%
Chart AMERICAN ELECTRIC POWER COMPANY, INC.
Duration : Period :
American Electric Power Company, Inc. Technical Analysis Chart | AEP | US0255371017 | MarketScreener
Technical analysis trends AMERICAN ELECTRIC POWER COMPANY, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 84,10 $
Average target price 97,59 $
Spread / Average Target 16,0%
EPS Revisions
Managers and Directors
Nicholas K. Akins Chairman, President & Chief Executive Officer
Julia A. Sloat Chief Financial Officer & Executive Vice President
Greg Filipkowski Vice President-Information Technology
Therace M. Risch EVP, Chief Information & Technology Officer
Lisa M. Barton Chief Operating Officer & Executive Vice President
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