AES (NYSE:AES) Announces Earnings Results

AES (NYSE:AES) released its quarterly earnings data on Friday. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.20, Zacks reports. AES had a return on equity of 27.30% and a net margin of 8.34%. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same period in the prior year, the company posted $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 Trading Up 12.3 %

Shares of AES traded up $1.28 during trading hours on Friday, reaching $11.66. The stock had a trading volume of 27,517,765 shares, compared to its average volume of 14,713,907. The firm has a 50-day moving average of $11.54 and a 200 day moving average of $14.59. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The company has a market cap of $8.29 billion, a P/E ratio of 8.10, a P/E/G ratio of 0.82 and a beta of 0.99. AES has a 52 week low of $9.88 and a 52 week high of $22.21.

AES Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AES shares. Bank of America assumed coverage on shares of AES in a research report on Monday, November 25th. They set an “underperform” rating and a $11.00 target price for the company. Mizuho cut their target price 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. Barclays decreased their price target on AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Hsbc Global Res upgraded AES to a “strong-buy” rating in a research report on Friday, December 13th. Finally, HSBC assumed coverage on AES in a report on Friday, December 13th. They set a “buy” rating and a $17.00 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, AES currently has a consensus rating of “Moderate Buy” and a consensus price target 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.