The AES Corporation (AES) Updates FY17 Earnings Guidance
The AES Corporation (NYSE:AES) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.00-1.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.02.
The AES Corporation (NYSE:AES) last released its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.05). The AES Corporation had a positive return on equity of 15.86% and a negative net margin of 5.30%. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the business posted $0.32 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, October 31st. This represents a $0.48 annualized dividend and a yield of 4.52%. The AES Corporation’s payout ratio is -42.10%.
Several research analysts have issued reports on AES shares. ValuEngine lowered shares of The AES Corporation from a buy rating to a hold rating in a report on Friday, September 1st. BidaskClub upgraded shares of The AES Corporation from a strong sell rating to a sell rating in a report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of The AES Corporation from a hold rating to a buy rating and set a $12.00 price target for the company in a report on Wednesday, July 12th. Royal Bank Of Canada restated a hold rating and set a $12.00 price target on shares of The AES Corporation in a report on Monday, September 11th. Finally, Morgan Stanley restated an equal weight rating on shares of The AES Corporation in a report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $12.63.
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About The AES Corporation
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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