American Electric Power Boosts FY22 Adj. EPS Outlook

RTTNews | 1060 hari yang lalu
American Electric Power Boosts FY22 Adj. EPS Outlook

(RTTNews) - Ahead of its analysts meeting in New York City later on Tuesday, electric utility American Electric Power Co., Inc. (AEP) raised its fiscal 2022 operating earnings guidance to a range of $4.97 to $5.07 from the prior forecast range of $4.87 to $5.07 per share.

On average, 20 analysts polled by Thomson Reuters expect the company to report earnings of $4.99 per share for the year. Analysts' estimates usually exclude special items.

The company also initiated operating earnings guidance for fiscal 2023 in the range of $5.19 to $5.39 per share, with a projected annual operating earnings growth rate of 6% to 7%. The Street is currently looking for earnings of $5.28 per share for the year.

The company also said it has accelerated its emission reduction targets, including new net zero goal by 2045 and 80% reduction in full Scope 1 emissions by 2030 from 2005 baseline.

Additionally, the company said it is beginning a strategic review of its retail energy business and is on track to divest unregulated renewable assets and complete Kentucky sale.

The company noted that it plans to invest $40 billion in capital from 2023 through 2027 with an emphasis on transmission, distribution and renewable energy.

read more
American Electric Power Reaffirms FY24 Outlook - Update

American Electric Power Reaffirms FY24 Outlook - Update

While reporting financial results for the first quarter on Tuesday, electric utility American Electric Power Co., Inc. (AEP) reaffirmed its fiscal 2024 operating earnings guidance in the range of $5.53 to $5.73 per share, with long-term growth rate of 6 to 7 percent.
RTTNews | 486 hari yang lalu
American Electric Power Reaffirms FY23 Outlook - Update

American Electric Power Reaffirms FY23 Outlook - Update

While reporting financial results for the first quarter on Thursday, electric utility American Electric Power Co., Inc. (AEP) reaffirmed its fiscal 2023 operating earnings guidance in the range of $5.19 to $5.39 per share, with long-term growth rate of 6 to 7 percent.
RTTNews | 848 hari yang lalu
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 29 minit yang lalu
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 57 minit yang lalu
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 4j 1min yang lalu
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 4j 44min yang lalu
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 5j 14min yang lalu