Zacks Research Forecasts AES's FY2024 Earnings (NYSE:AES)

The AES Co. (NYSE:AES - Free Report) - Equities research analysts at Zacks Research raised their FY2024 earnings per share estimates for shares of AES in a research report issued on Thursday, December 19th. Zacks Research analyst R. Department now anticipates that the utilities provider will earn $1.94 per share for the year, up from their previous estimate of $1.93. The consensus estimate for AES's current full-year earnings is $1.95 per share. Zacks Research also issued estimates for AES's Q1 2025 earnings at $0.39 EPS, Q2 2025 earnings at $0.42 EPS, Q1 2026 earnings at $0.52 EPS, Q2 2026 earnings at $0.52 EPS, Q3 2026 earnings at $0.75 EPS and FY2026 earnings at $2.08 EPS.

A number of other research firms have also recently commented on AES. Barclays cut their target price on AES from $23.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, December 13th. Hsbc Global Res upgraded AES to a "strong-buy" rating in a research note on Friday, December 13th. HSBC assumed coverage on shares of AES in a research report on Friday, December 13th. They set a "buy" rating and a $17.00 target price on the stock. Mizuho reduced their price target on shares of AES from $24.00 to $16.00 and set an "outperform" rating for the company in a research report on Thursday, November 21st. Finally, Susquehanna lowered their price objective on shares of AES from $24.00 to $21.00 and set a "positive" rating on the stock in a research report on Tuesday, November 5th. One equities 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 data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.30.

AES Stock Up 4.5 %

NYSE:AES traded up $0.56 during midday trading on Friday, hitting $13.00. 25,090,779 shares of the company were exchanged, compared to its average volume of 9,367,403. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. AES has a fifty-two week low of $12.24 and a fifty-two week high of $22.21. The company has a market capitalization of $9.24 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 0.71 and a beta of 1.01. The company has a fifty day simple moving average of $14.57 and a 200 day simple moving average of $16.91.

AES (NYSE:AES - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.60 by $0.11. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.46 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. The firm's revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 earnings per share.

Institutional Investors Weigh In On AES

Hedge funds and other institutional investors have recently bought and sold shares of the business. Millburn Ridgefield Corp purchased a new position in shares of AES in the 3rd quarter valued at about $28,000. Rothschild Investment LLC purchased a new position in AES in the second quarter valued at about $28,000. Cromwell Holdings LLC lifted its position in shares of AES by 59.1% during the 3rd quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 640 shares during the period. UMB Bank n.a. grew its holdings in shares of AES by 102.3% in the 2nd quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider's stock worth $31,000 after acquiring an additional 898 shares during the period. Finally, nVerses Capital LLC purchased a new position in AES in the 2nd quarter valued at approximately $33,000. Institutional investors and hedge funds own 93.13% of the company's stock.

AES Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.176 per share. This is a boost from AES's previous quarterly dividend of $0.17. The ex-dividend date is Friday, January 31st. This represents a $0.70 annualized dividend and a yield of 5.41%. AES's payout ratio is presently 48.61%.

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.