AES (AES) Set to Announce Earnings on Thursday

AES (NYSE:AES) will 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 that are interested in registering for the company’s earnings conference call can do so using this link.

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

AES Trading Down 1.6 %

AES stock traded down $0.27 during trading hours on Thursday, reaching $17.10. 970,989 shares of the company’s stock were exchanged, compared to its average volume of 8,243,291. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 4.42. The firm’s 50 day simple moving average is $16.51 and its 200 day simple moving average is $16.77. AES has a twelve month low of $11.43 and a twelve month high of $23.81. The firm has a market capitalization of $12.15 billion, a PE ratio of 51.70 and a beta of 1.08.

AES Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.1725 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.69 annualized dividend and a dividend yield of 4.04%. AES’s dividend payout ratio is presently 209.10%.

Wall Street Analysts Forecast Growth

AES has been the subject of several research reports. UBS Group reduced their target price on AES from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 target price on shares of AES in a research note on Tuesday, April 9th. Mizuho began coverage on AES in a research note on Thursday, April 18th. They set a “buy” rating and a $21.00 price target for the company. Argus reiterated a “buy” rating and set a $25.00 price target on shares of AES in a research note on Tuesday, March 26th. Finally, Barclays cut their price target on AES from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.13.

About AES

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.