AES (NYSE:AES) Issues Earnings Results

AES (NYSE:AES - Get Free Report) released its earnings results on Friday. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.20, Zacks reports. The firm had revenue of $2.96 billion during 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 quarter in the prior year, the company earned $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 Stock Down 2.6 %

Shares of AES stock traded down $0.30 during trading on Tuesday, reaching $10.90. 6,829,465 shares of the company traded hands, compared to its average volume of 15,874,435. 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 firm has a market capitalization of $7.75 billion, a PE ratio of 7.59, a P/E/G ratio of 0.82 and a beta of 0.99. The company has a 50 day moving average price of $11.48 and a 200-day moving average price of $14.47.

AES Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.176 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a yield of 6.46%. AES's payout ratio is currently 29.54%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. HSBC began coverage on AES in a report on Friday, December 13th. They set a "buy" rating and a $17.00 price objective for the company. Bank of America upgraded shares of AES from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $11.00 to $13.00 in a report on Tuesday. Barclays reduced their target price on shares of AES from $17.00 to $12.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Seaport Res Ptn lowered shares of AES from a "hold" rating to a "strong sell" rating in a research note on Monday. Finally, Susquehanna reduced their price objective on shares of AES from $24.00 to $21.00 and set a "positive" rating for the company in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, AES presently has an average rating of "Moderate Buy" and a consensus price target 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.