AES (AES) Scheduled to Post Quarterly Earnings on Thursday

AES (NYSE:AES) is scheduled to be announcing its earnings results after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of $0.27 per share for the quarter. AES has set its FY 2024 guidance at 1.870-1.970 EPS.Parties interested in listening to the company’s conference call can do so using this link.

AES (NYSE:AES) last posted its earnings results on Friday, May 3rd. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.16. AES had a net margin of 4.40% and a return on equity of 36.23%. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the business posted $0.22 EPS. The business’s revenue was down 4.8% 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 Stock Down 0.2 %

AES stock opened at $17.55 on Wednesday. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.71 and a current ratio of 0.78. The stock has a market cap of $12.47 billion, a PE ratio of 24.38 and a beta of 1.09. AES has a fifty-two week low of $11.43 and a fifty-two week high of $22.21. The firm’s 50-day simple moving average is $18.90 and its 200 day simple moving average is $17.81.

AES Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.1725 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.93%. AES’s payout ratio is presently 95.83%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AES. Barclays dropped their price target on AES from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. UBS Group cut their price target on shares of AES from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, April 3rd. Seaport Res Ptn downgraded shares of AES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 target price on shares of AES in a research note on Tuesday, April 9th. Finally, Mizuho raised their price target on shares of AES from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, AES presently has a consensus rating of “Moderate Buy” and an average target price of $22.75.

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.