AES Corp (AES) Posts Quarterly Earnings, Beats Expectations By $0.01 EPS
AES Corp (NYSE:AES) announced its earnings results on Thursday. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.01, AmericanBankingNews.com reports. The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.82 billion.
AES has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of AES Corp from $16.00 to $17.00 in a research note on Tuesday, July 15th. They now have a “neutral” rating on the stock. On a related note, analysts at Barclays raised their price target on shares of AES Corp from $17.00 to $18.00 in a research note on Monday, June 30th. They now have an “overweight” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of AES Corp in a research note on Thursday, June 26th. They now have a $16.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $16.58.
Shares of AES Corp (NYSE:AES) opened at 14.36 on Thursday. AES Corp has a one year low of $12.38 and a one year high of $15.65. The stock has a 50-day moving average of $15.17 and a 200-day moving average of $14.39. The company’s market cap is $10.416 billion.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Wednesday, July 30th.
The AES Corporation (NYSE:AES) is a diversified power generation and utility company.
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