AES (AES) Set to Announce Quarterly Earnings on Thursday

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

AES (NYSE:AES) last posted 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 business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, analysts expect AES to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AES Price Performance

AES stock opened at $17.90 on Wednesday. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.61 and a current ratio of 0.68. AES has a 1 year low of $11.43 and a 1 year high of $23.75. The firm has a market cap of $12.72 billion, a P/E ratio of 54.24 and a beta of 1.08. The stock has a 50-day simple moving average of $16.55 and a 200-day simple moving average of $16.88.

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 paid a $0.1725 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.85%. AES’s dividend payout ratio (DPR) is currently 209.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AES shares. Morgan Stanley restated an “overweight” rating and set a $25.00 price objective on shares of AES in a research note on Monday, March 25th. Royal Bank of Canada restated an “outperform” rating and set a $22.00 price objective on shares of AES in a research note on Tuesday, April 9th. Barclays lowered their price objective on AES from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. Argus restated a “buy” rating and set a $25.00 price objective on shares of AES in a research note on Tuesday, March 26th. Finally, UBS Group reduced their target price on AES from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, AES currently has a consensus rating of “Moderate Buy” and a consensus target price 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.