AES (AES) Set to Announce Earnings on Thursday

AES (NYSE:AES - Get Free Report) will post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect AES to post earnings of $0.25 per share for the quarter. AES has set its FY 2024 guidance at 1.870-1.970 EPS.Individual that wish to listen to the company's earnings conference call can do so using this link.

AES (NYSE:AES - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.06. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.36 billion. AES had a net margin of 2.12% and a return on equity of 38.76%. The business's revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 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 Performance

Shares of AES traded down $0.25 on Thursday, reaching $17.13. The company's stock had a trading volume of 4,465,574 shares, compared to its average volume of 8,288,047. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.68 and a quick ratio of 0.61. The stock has a market capitalization of $12.17 billion, a P/E ratio of 51.70 and a beta of 1.08. The stock's 50 day simple moving average is $16.51 and its two-hundred day simple moving average is $16.77. AES has a 12-month low of $11.43 and a 12-month high of $23.81.

AES Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Tuesday, April 30th. AES's payout ratio is 209.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $22.00 price objective on shares of AES in a research report on Tuesday, April 9th. Mizuho initiated coverage on shares of AES in a research report on Thursday, April 18th. They set a "buy" rating and a $21.00 price objective on the stock. Morgan Stanley reiterated an "overweight" rating and set a $25.00 price objective on shares of AES in a research report on Monday, March 25th. Barclays lowered their target price on shares of AES from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, March 14th. Finally, Argus reissued a "buy" rating and set a $25.00 target price on shares of AES in a research note on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $22.13.

About AES

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.