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

AES (NYSE:AES) issued its quarterly earnings data 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 analyst estimates of $3.07 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. During the same quarter last year, the firm earned $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 Stock Up 12.2 %

Shares of AES stock traded up $1.27 during trading on Friday, reaching $11.65. The company’s stock had a trading volume of 31,028,994 shares, compared to its average volume of 14,787,292. AES has a one year low of $9.88 and a one year high of $22.21. The business has a fifty day moving average price of $11.54 and a 200-day moving average price of $14.59. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 0.82 and a beta of 0.99. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.176 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.70 annualized dividend and a dividend yield of 6.04%. AES’s dividend payout ratio is currently 48.61%.

Analyst Ratings Changes

AES has been the subject of several analyst reports. 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. Hsbc Global Res raised AES to a “strong-buy” rating in a research report on Friday, December 13th. Barclays lowered their price objective on AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Bank of America began coverage on AES in a research report on Monday, November 25th. They set an “underperform” rating and a $11.00 target price for the company. Finally, HSBC began coverage on shares of AES in a research note on Friday, December 13th. They issued a “buy” rating and a $17.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, AES presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.80.

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.