Plus   Neg

Ameren Guides FY20 EPS In Line With Estimates - Quick Facts

While reporting financial results for the fourth quarter on Wednesday, electric and gas utility Ameren Corp. (AEE) initiated its earnings guidance for the full-year 2020, in line with analysts' estimates. The company also affirmed its 2018 through 2023 annual earnings growth outlook.

For fiscal 2020, the company now projects earnings in a range of $3.40 to $3.60 per share. On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.46 per share for the year. Analysts' estimates typically exclude special items.

Additionally, Ameren affirmed its 2018 through 2023 compound annual earnings per share growth expectations of 6 to 8 percent, using $3.05 per share as the base.

Ameren also now expects earnings per share to grow at a 6 to 8 percent compound annual rate from 2020 through 2024, using the 2020 guidance range midpoint of $3.50 per share as the base.

Ameren said its expected multi-year earnings growth is expected to be driven by strong projected rate base growth of approximately 9 percent compounded annually from 2019 through 2024.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon said it will convert 125,000 of the 175,000 temporary workers it hired in March amid the coronavirus pandemic, to permanent full-time employees in June. The e-commerce giant had hired the temporary employees in March to meet strong consumer demand amid the lockdown. The job openings were in Amazon's fulfillment centers and its delivery network. Mitsubishi Motors North America inc. recalled 141,200 cars and sports utility vehicles (SUVs) due to potential corrosion of the front cross member because of salt water exposure such as from road salt use in cold-weather, according to the National Highway Traffic Safety Administration. The recall is expected to begin on July 14, 2020. The U.S. State of Arizona filed a consumer fraud lawsuit against Google alleging deceptive and unfair practices used to obtain users' location data. In the filing, Arizona Attorney General Mark Brnovich accused that the tech giant exploits these data for its lucrative advertising business. In a tweet, Brnovich said, "We brought forward this action to put a stop to Google's deceptive collection ...
Follow RTT