AEP Reaffirms Its FY24 Operating Earnings Guidance Of $5.53-$5.73; Long-Term Growth Rate Of 6%-7% And FFO/Debt Target Of 14%-15%
Portfolio Pulse from Benzinga Newsdesk
American Electric Power (AEP) has announced it will keep its AEP Energy retail business, reaffirming its FY24 earnings guidance of $5.53-$5.73 per share, with a long-term growth rate of 6%-7% and an FFO/Debt target of 14%-15%.
May 13, 2024 | 8:45 pm
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POSITIVE IMPACT
AEP reaffirms its FY24 earnings guidance and long-term growth, indicating strong future performance and financial health.
Reaffirming earnings guidance and growth targets typically signals confidence in a company's future performance and financial stability, which can positively influence investor sentiment and potentially lead to an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100