AES (NYSE:AES) Releases Earnings Results, Beats Estimates By $0.20 EPS

AES (NYSE:AES) issued its quarterly earnings data on Friday. The utilities provider reported $0.54 earnings per share (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 for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the firm 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 Stock Up 11.6 %

AES stock opened at $11.59 on Friday. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The firm’s fifty day simple moving average is $11.51 and its 200-day simple moving average is $14.53. AES has a 12 month low of $9.88 and a 12 month high of $22.21. The company has a market capitalization of $8.24 billion, a P/E ratio of 8.05, a price-to-earnings-growth ratio of 0.82 and a beta of 0.99.

AES Announces Dividend

The firm also recently disclosed 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. This represents a $0.70 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend is Thursday, May 1st. AES’s dividend payout ratio (DPR) is currently 48.61%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. HSBC assumed coverage on shares of AES in a research report on Friday, December 13th. They issued a “buy” rating and a $17.00 price objective 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. Barclays dropped their target price on shares of AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Bank of America initiated coverage on shares of AES in a research report on Monday, November 25th. They set an “underperform” rating and a $11.00 target price on the stock. Finally, Susquehanna dropped their target price on shares of AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, AES presently 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.