AES (AES) Expected to Announce Quarterly Earnings on Thursday

AES (NYSE:AES) will likely be releasing its earnings data after the market closes on Thursday, February 27th. Analysts expect AES to post earnings of $0.34 per share and revenue of $3.07 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

AES Stock Up 1.4 %

AES stock opened at $10.88 on Wednesday. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. AES has a fifty-two week low of $9.88 and a fifty-two week high of $22.21. The firm has a fifty day moving average price of $11.62 and a two-hundred day moving average price of $14.64. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 7.55, a P/E/G ratio of 0.82 and a beta of 0.99.

AES Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given 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 6.47%. AES’s dividend payout ratio is presently 48.61%.

Analysts Set New Price Targets

Several brokerages have commented on AES. Bank of America assumed coverage on AES in a research report on Monday, November 25th. They issued an “underperform” rating and a $11.00 price target on the stock. Mizuho dropped their target price on shares of AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, November 21st. HSBC assumed coverage on shares of AES in a report on Friday, December 13th. They issued a “buy” rating and a $17.00 price target for the company. Hsbc Global Res upgraded shares of AES to a “strong-buy” rating in a report on Friday, December 13th. Finally, Susquehanna reduced their target price 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.