AES (AES) Projected to Post Quarterly Earnings on Friday

AES (NYSE:AES - Get Free Report) is expected to be issuing its Q4 2024 quarterly earnings data after the market closes on Friday, February 28th. Analysts expect the company to announce earnings of $0.34 per share and revenue of $3.07 billion for the quarter. AES has set its FY25 guidance at $2.10-2.26 EPS and its FY 2025 guidance at 2.100-2.260 EPS.Parties that wish to listen to the company's conference call can do so using this link.

AES (NYSE:AES - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.20. AES had a net margin of 8.34% and a return on equity of 27.30%. The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the previous year, the firm posted $0.73 earnings per share. On average, analysts expect AES to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AES Stock Up 11.6 %

NYSE:AES traded up $1.21 on Friday, hitting $11.59. The stock had a trading volume of 71,262,669 shares, compared to its average volume of 15,825,815. The business's fifty day moving average is $11.54 and its 200 day moving average is $14.59. AES has a 52 week low of $9.88 and a 52 week high of $22.21. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The company has a market cap of $8.24 billion, a PE ratio of 8.05, a P/E/G ratio of 0.82 and a beta of 0.99.

AES Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.176 per share. The ex-dividend date is Thursday, May 1st. This represents a $0.70 annualized dividend and a dividend yield of 6.08%. AES's payout ratio is 48.61%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. HSBC assumed coverage on shares of AES in a report on Friday, December 13th. They set a "buy" rating and a $17.00 price objective on the stock. Susquehanna cut their target price on AES from $24.00 to $21.00 and set a "positive" rating on the stock in a research note on Tuesday, November 5th. Bank of America initiated coverage on AES in a research report on Monday, November 25th. They set an "underperform" rating and a $11.00 price target for the company. Mizuho reduced their price objective on AES from $24.00 to $16.00 and set an "outperform" rating for the company in a research note on Thursday, November 21st. Finally, Barclays cut their price target on shares of AES from $17.00 to $12.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $18.80.

AES Company Profile

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.