AES (NYSE:AES) Announces Earnings Results

AES (NYSE:AES) released its quarterly earnings results on Friday. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.20, Zacks reports. AES had a return on equity of 27.30% and a net margin of 8.34%. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the prior year, the company posted $0.73 EPS. AES updated its FY25 guidance to $2.10-2.26 EPS and its FY 2025 guidance to 2.100-2.260 EPS.

AES Trading Up 11.6 %

Shares of AES stock opened at $11.59 on Friday. AES has a 1 year low of $9.88 and a 1 year high of $22.21. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The stock’s 50 day simple moving average is $11.54 and its two-hundred day simple moving average is $14.59. The company has a market cap of $8.24 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 0.82 and a beta of 0.99.

AES Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.176 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.08%. AES’s dividend payout ratio is currently 48.61%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AES. Susquehanna reduced their target price on AES from $24.00 to $21.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. Mizuho reduced their target price on AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, November 21st. Bank of America assumed coverage on AES in a research note on Monday, November 25th. They set an “underperform” rating and a $11.00 price objective for the company. Hsbc Global Res upgraded AES to a “strong-buy” rating in a research note on Friday, December 13th. Finally, Barclays lowered their price objective on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.80.

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.