AES (AES) to Release Quarterly Earnings on Thursday

AES (NYSE:AES) is scheduled to be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect AES to post earnings of $0.25 per share for the quarter. AES has set its FY 2024 guidance at 1.870-1.970 EPS.Investors interested in participating in the company’s conference call can do so using this link.

AES (NYSE:AES) last announced its earnings results on Tuesday, February 27th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. AES had a return on equity of 38.76% and a net margin of 2.12%. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period in the prior year, the company posted $0.49 EPS. AES’s quarterly revenue was down 3.0% on a year-over-year basis. On average, analysts expect AES to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AES Stock Up 3.7 %

Shares of NYSE:AES opened at $17.85 on Tuesday. The firm has a market cap of $12.69 billion, a PE ratio of 54.12 and a beta of 1.08. The company has a fifty day simple moving average of $16.53 and a 200 day simple moving average of $16.85. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 4.42. AES has a 12-month low of $11.43 and a 12-month high of $23.75.

AES Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Tuesday, April 30th. AES’s payout ratio is currently 209.10%.

Wall Street Analyst Weigh In

AES has been the subject of a number of research reports. UBS Group decreased their price target on AES from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. Argus reiterated a “buy” rating and issued a $25.00 target price on shares of AES in a research report on Tuesday, March 26th. Royal Bank of Canada reissued an “outperform” rating and set a $22.00 price target on shares of AES in a research report on Tuesday, April 9th. Mizuho started coverage on shares of AES in a report on Thursday, April 18th. They issued a “buy” rating and a $21.00 price objective for the company. Finally, Barclays dropped their target price on shares of AES from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.13.

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.