AES (NYSE:AES) Issues FY 2022 Earnings Guidance

AES (NYSE:AESGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $1.55-$1.65 for the period, compared to the consensus EPS estimate of $1.62. The company issued revenue guidance of -.

AES opened at $20.24 on Monday. The company has a fifty day simple moving average of $23.05 and a 200 day simple moving average of $23.20. The firm has a market cap of $13.52 billion, a price-to-earnings ratio of -74.96, a PEG ratio of 1.77 and a beta of 1.01. AES has a twelve month low of $19.14 and a twelve month high of $27.00. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 4.64.

AES (NYSE:AESGet Rating) last released its quarterly earnings results on Thursday, May 5th. The utilities provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.53 billion. AES had a negative net margin of 2.21% and a positive return on equity of 33.02%. AES’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. On average, analysts forecast that AES will post 1.61 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Friday, April 29th were issued a dividend of $0.158 per share. This represents a $0.63 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Thursday, April 28th. AES’s payout ratio is -233.33%.

AES has been the subject of a number of recent analyst reports. TheStreet lowered shares of AES from a b rating to a c- rating in a report on Tuesday, March 1st. Morgan Stanley raised their price objective on shares of AES from $30.50 to $32.50 and gave the stock an overweight rating in a report on Wednesday, April 20th. Citigroup began coverage on shares of AES in a report on Tuesday, March 22nd. They set a buy rating and a $27.00 price objective for the company. Susquehanna Bancshares decreased their price objective on shares of AES from $32.00 to $30.00 in a report on Tuesday, May 10th. Finally, Susquehanna reduced their price target on shares of AES from $32.00 to $30.00 in a research report on Tuesday, May 10th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of $28.69.

In other news, CFO Stephen Coughlin acquired 47,000 shares of the business’s stock in a transaction that occurred on Friday, March 4th. The shares were purchased at an average cost of $21.30 per share, for a total transaction of $1,001,100.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.77% of the company’s stock.

A number of large investors have recently modified their holdings of AES. Cetera Investment Advisers acquired a new position in AES during the 4th quarter valued at about $292,000. Marshall Wace LLP increased its stake in AES by 412.6% during the 4th quarter. Marshall Wace LLP now owns 76,570 shares of the utilities provider’s stock valued at $1,861,000 after buying an additional 61,631 shares during the period. Silvercrest Asset Management Group LLC increased its stake in AES by 11.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 13,220 shares of the utilities provider’s stock valued at $321,000 after buying an additional 1,310 shares during the period. Advisors Asset Management Inc. increased its stake in AES by 67.3% during the 4th quarter. Advisors Asset Management Inc. now owns 56,957 shares of the utilities provider’s stock valued at $1,384,000 after buying an additional 22,919 shares during the period. Finally, Metropolitan Life Insurance Co NY grew its stake in shares of AES by 17.8% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 76,081 shares of the utilities provider’s stock worth $1,849,000 after purchasing an additional 11,518 shares during the last quarter. Hedge funds and other institutional investors own 92.97% of the company’s stock.

AES Company Profile (Get Rating)

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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.

See Also

Earnings History and Estimates for AES (NYSE:AES)

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