American Electric Power Company, Inc. (NASDAQ:AEP – Get Free Report) shares hit a new 52-week high on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $97.49 and last traded at $96.96, with a volume of 280316 shares. The stock had previously closed at $97.07.
The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.02. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same period last year, the business posted $1.13 EPS. The business’s revenue was up 4.5% compared to the same quarter last year.
American Electric Power Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on…
