AES (NYSE:AES) Posts Quarterly Earnings Results, Misses Estimates By $0.10 EPS

AES (NYSE:AES - Get Free Report) announced its quarterly earnings results on Thursday. The utilities provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.10), Zacks reports. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.13 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. AES's revenue was down 5.2% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. AES updated its FY 2025 guidance to 2.100-2.260 EPS.

AES Price Performance

NYSE:AES traded up $0.24 during trading hours on Friday, hitting $10.19. 17,917,439 shares of the stock traded hands, compared to its average volume of 11,637,988. The stock has a 50 day moving average price of $11.24 and a 200 day moving average price of $12.37. 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 $7.25 billion, a price-to-earnings ratio of 7.08, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. AES has a 1 year low of $9.57 and a 1 year high of $22.21.

AES Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.176 dividend. This represents a $0.70 annualized dividend and a yield of 6.91%. The ex-dividend date is Thursday, May 1st. AES's dividend payout ratio is 38.04%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Jefferies Financial Group restated a "hold" rating and issued a $10.00 price target (down previously from $15.00) on shares of AES in a research note on Thursday, April 10th. Barclays dropped 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. Seaport Res Ptn cut shares of AES from a "hold" rating to a "strong sell" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. cut their price objective on AES from $16.00 to $14.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Bank of America raised AES from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $11.00 to $13.00 in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $13.71.

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.

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