AES (AES) Set to Announce Quarterly Earnings on Thursday

AES (NYSE:AES) is scheduled to release its earnings data after the market closes on Thursday, May 2nd. Analysts expect AES to post earnings of $0.25 per share for the quarter. AES has set its FY 2024 guidance at 1.870-1.970 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

AES (NYSE:AES) last released its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.67 by $0.06. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.36 billion. AES had a net margin of 2.12% and a return on equity of 38.76%. AES’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. On average, analysts expect AES to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AES Stock Up 1.2 %

AES opened at $17.90 on Wednesday. The company has a 50 day moving average of $16.55 and a 200 day moving average of $16.88. The company has a market cap of $12.72 billion, a PE ratio of 54.24 and a beta of 1.08. AES has a 12 month low of $11.43 and a 12 month high of $23.75. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 4.42.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 3.85%. The ex-dividend date is Tuesday, April 30th. AES’s dividend payout ratio is presently 209.10%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AES shares. Barclays lowered their target price on shares of AES from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Argus restated a “buy” rating and set a $25.00 price objective on shares of AES in a research report on Tuesday, March 26th. UBS Group lowered their price objective on shares of AES from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 3rd. Morgan Stanley restated an “overweight” rating and set a $25.00 price objective on shares of AES in a research report on Monday, March 25th. Finally, Mizuho initiated coverage on shares of AES in a research report on Thursday, April 18th. They set a “buy” rating and a $21.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $22.13.

AES Company Profile

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.