The AES Corporation (NYSE:AES) – Analysts at SunTrust Banks cut their Q3 2017 earnings estimates for The AES Corporation in a research report issued on Monday. SunTrust Banks analyst A. Agha now expects that the utilities provider will post earnings per share of $0.27 for the quarter, down from their prior forecast of $0.30. SunTrust Banks currently has a “Buy” rating and a $15.00 target price on the stock. SunTrust Banks also issued estimates for The AES Corporation’s FY2017 earnings at $1.02 EPS, Q1 2018 earnings at $0.21 EPS, Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.33 EPS, Q1 2019 earnings at $0.22 EPS, Q2 2019 earnings at $0.32 EPS and Q3 2019 earnings at $0.35 EPS.

The AES Corporation (NYSE:AES) last posted its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $2.97 billion. The AES Corporation had a negative net margin of 5.30% and a positive return on equity of 15.86%. The AES Corporation’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 earnings per share. COPYRIGHT VIOLATION WARNING: “Q3 2017 EPS Estimates for The AES Corporation Decreased by SunTrust Banks (AES)” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/10/24/q3-2017-eps-estimates-for-the-aes-corporation-decreased-by-suntrust-banks-aes.html.

Other research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of The AES Corporation from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, September 5th. ValuEngine upgraded shares of The AES Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Morgan Stanley restated an “equal weight” rating on shares of The AES Corporation in a research report on Monday, July 10th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $12.00 price target on shares of The AES Corporation in a research report on Monday, September 11th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $13.00.

The AES Corporation (NYSE:AES) opened at 11.13 on Tuesday. The AES Corporation has a 1-year low of $10.60 and a 1-year high of $12.48. The firm has a 50-day moving average of $11.20 and a 200-day moving average of $11.31. The firm’s market capitalization is $7.35 billion.

Several hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans increased its holdings in shares of The AES Corporation by 6.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 24,270 shares of the utilities provider’s stock worth $271,000 after acquiring an additional 1,420 shares during the period. LS Investment Advisors LLC increased its holdings in shares of The AES Corporation by 4.9% in the 2nd quarter. LS Investment Advisors LLC now owns 34,125 shares of the utilities provider’s stock worth $379,000 after acquiring an additional 1,602 shares during the period. Amalgamated Bank increased its holdings in shares of The AES Corporation by 6.1% in the 1st quarter. Amalgamated Bank now owns 46,304 shares of the utilities provider’s stock worth $518,000 after acquiring an additional 2,664 shares during the period. Tudor Investment Corp ET AL increased its holdings in shares of The AES Corporation by 9.4% in the 1st quarter. Tudor Investment Corp ET AL now owns 37,200 shares of the utilities provider’s stock worth $416,000 after acquiring an additional 3,200 shares during the period. Finally, Foster & Motley Inc. increased its holdings in shares of The AES Corporation by 17.6% in the 2nd quarter. Foster & Motley Inc. now owns 27,976 shares of the utilities provider’s stock worth $311,000 after acquiring an additional 4,187 shares during the period. 93.07% of the stock is currently owned by institutional investors and hedge funds.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.31%. The AES Corporation’s dividend payout ratio (DPR) is presently -42.10%.

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.

Earnings History and Estimates for The AES Corporation (NYSE:AES)

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