The stock closed at $54.12 on Wednesday.
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- The revenue growth came in higher than the industry average of 10.5%. Since the same quarter one year prior, revenues rose by 21.5%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- AMERICAN ELECTRIC POWER CO reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, AMERICAN ELECTRIC POWER CO increased its bottom line by earning $3.04 versus $2.60 in the prior year. This year, the market expects an improvement in earnings ($3.46 versus $3.04).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Electric Utilities industry. The net income increased by 54.3% when compared to the same quarter one year prior, rising from $363.00 million to $560.00 million.
- Net operating cash flow has increased to $1,133.00 million or 49.86% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 18.42%.
- You can view the full analysis from the report here: AEP Ratings Report