AEP Reaffirms Forecasted Financial Data Previously Issued Nov. 10, 2023, Relating To 2024 Operating EPS Guidance, Projected 6%-7% Long-Term Earnings Growth Rate And 14%-15% FFO/Debt Target
Portfolio Pulse from Benzinga Newsdesk
American Electric Power (AEP) has reaffirmed its financial forecast that was previously issued on November 10, 2023. The company maintains its 2024 operating EPS guidance and its projected long-term earnings growth rate of 6%-7%. Additionally, AEP continues to target a funds from operations (FFO) to debt ratio of 14%-15%.

December 27, 2023 | 7:48 pm
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AEP has confirmed its financial guidance for 2024, including operating EPS, a 6%-7% earnings growth rate, and a 14%-15% FFO/debt ratio, indicating stability and confidence in its financial strategy.
Reaffirming financial guidance can be seen as a positive signal to the market, suggesting that AEP is on track to meet its financial targets. This can instill confidence in investors and potentially lead to a positive short-term impact on the stock price. The importance is rated high as the reaffirmation covers key financial metrics such as EPS and FFO/debt ratio, which are critical for assessing the company's financial health and performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100