AES (NYSE:AES) Posts Earnings Results, Beats Estimates By $0.20 EPS

AES (NYSE:AES - Get Free Report) announced its quarterly earnings results on Friday. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.20, Zacks reports. The firm had revenue of $2.96 billion for the quarter, compared to analysts' expectations of $3.07 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. During the same period in the prior year, the business posted $0.73 earnings per share. AES updated its FY25 guidance to $2.10-2.26 EPS and its FY 2025 guidance to 2.100-2.260 EPS.

AES Trading Down 2.2 %

AES traded down $0.25 during trading on Tuesday, hitting $10.95. 6,106,987 shares of the stock traded hands, compared to its average volume of 15,820,348. The firm has a market capitalization of $7.78 billion, a P/E ratio of 7.56, a price-to-earnings-growth ratio of 0.82 and a beta of 0.99. AES has a 12-month low of $9.88 and a 12-month 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 firm has a 50-day moving average of $11.51 and a 200 day moving average of $14.52.

AES Dividend Announcement

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 paid a $0.176 dividend. This represents a $0.70 annualized dividend and a dividend yield of 6.43%. The ex-dividend date is Thursday, May 1st. AES's payout ratio is 29.54%.

Analysts Set New Price Targets

AES has been the topic of several recent analyst reports. Hsbc Global Res upgraded shares of AES to a "strong-buy" rating in a research note on Friday, December 13th. Barclays dropped 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. Bank of America raised shares of AES from an "underperform" rating to a "neutral" rating and raised their target price for the company from $11.00 to $13.00 in a research note on Tuesday. HSBC assumed coverage on shares of AES in a research report on Friday, December 13th. They set a "buy" rating and a $17.00 price objective on the stock. Finally, Mizuho reduced their target price on AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a research note on Tuesday. One equities 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.90.

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.