AES (NYSE:AES) Posts Earnings Results

AES (NYSE:AES) released its quarterly earnings results on Friday. The utilities provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.20, Zacks reports. AES had a net margin of 8.34% and a return on equity of 27.30%. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the company earned $0.73 EPS. AES updated its FY25 guidance to $2.10-2.26 EPS and its FY 2025 guidance to 2.100-2.260 EPS.

AES Trading Up 11.6 %

NYSE:AES opened at $11.59 on Friday. AES has a one year low of $9.88 and a one year high of $22.21. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The firm has a market cap of $8.24 billion, a P/E ratio of 8.05, a P/E/G ratio of 0.82 and a beta of 0.99. The firm has a 50-day simple moving average of $11.51 and a 200-day simple moving average of $14.53.

AES Dividend Announcement

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 issued a $0.176 dividend. The ex-dividend date is Thursday, May 1st. This represents a $0.70 annualized dividend and a dividend yield of 6.08%. AES’s dividend payout ratio is currently 48.61%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AES. Bank of America began coverage on shares of AES in a research note on Monday, November 25th. They set an “underperform” rating and a $11.00 price target for the company. Barclays dropped their price target on shares of AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Mizuho dropped their price target on shares of AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. HSBC initiated coverage on shares of AES in a research note on Friday, December 13th. They set a “buy” rating and a $17.00 price target for the company. Finally, Susquehanna decreased their price objective on shares of AES from $24.00 to $21.00 and set a “positive” rating for the company in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, AES has a consensus rating of “Moderate Buy” and a consensus target price of $18.80.

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.