Brokerages Anticipate The AES Corporation (AES) Will Post Earnings of $0.33 Per Share
Analysts forecast that The AES Corporation (NYSE:AES) will announce $0.33 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for The AES Corporation’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.35. The AES Corporation posted earnings per share of $0.32 in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.1%. The firm is expected to announce its next earnings results on Friday, November 3rd.
According to Zacks, analysts expect that The AES Corporation will report full year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $1.02 to $1.09. For the next fiscal year, analysts anticipate that the business will report earnings of $1.24 per share, with EPS estimates ranging from $1.21 to $1.25. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow The AES Corporation.
The AES Corporation (NYSE:AES) last released its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. The AES Corporation had a positive return on equity of 15.86% and a negative net margin of 5.30%. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the previous year, the firm posted $0.17 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year.
A number of equities analysts have recently issued reports on the company. Morgan Stanley reissued an “equal weight” rating on shares of The AES Corporation in a report on Monday, July 10th. BidaskClub cut The AES Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. ValuEngine cut The AES Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Finally, Zacks Investment Research raised The AES Corporation from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The AES Corporation currently has an average rating of “Hold” and an average target price of $11.75.
The AES Corporation (AES) opened at 11.10 on Friday. The firm’s market cap is $7.33 billion. The company’s 50-day moving average price is $11.17 and its 200-day moving average price is $11.37. The AES Corporation has a 52-week low of $10.60 and a 52-week high of $13.32.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Thursday, August 3rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a $0.48 dividend on an annualized basis and a yield of 4.32%. The AES Corporation’s dividend payout ratio (DPR) is presently -42.10%.
A number of large investors have recently added to or reduced their stakes in the company. Cleararc Capital Inc. raised its stake in The AES Corporation by 0.6% in the first quarter. Cleararc Capital Inc. now owns 16,132 shares of the utilities provider’s stock worth $180,000 after buying an additional 97 shares during the period. Pinnacle Bank acquired a new stake in The AES Corporation during the first quarter worth approximately $411,000. Pacer Advisors Inc. raised its stake in The AES Corporation by 3.1% in the first quarter. Pacer Advisors Inc. now owns 13,437 shares of the utilities provider’s stock worth $150,000 after buying an additional 402 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in The AES Corporation by 3.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 17,580 shares of the utilities provider’s stock worth $184,000 after buying an additional 659 shares during the period. Finally, Breton Hill Capital Ltd. raised its stake in The AES Corporation by 0.8% in the first quarter. Breton Hill Capital Ltd. now owns 115,295 shares of the utilities provider’s stock worth $1,289,000 after buying an additional 882 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.
The AES Corporation Company Profile
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
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