What is Seaport Res Ptn's Forecast for AES FY2025 Earnings?

The AES Co. (NYSE:AES - Free Report) - Seaport Res Ptn boosted their FY2025 earnings per share estimates for AES in a report issued on Wednesday, May 28th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings of $2.28 per share for the year, up from their prior forecast of $2.25. Seaport Res Ptn currently has a "Strong Sell" rating on the stock. The consensus estimate for AES's current full-year earnings is $1.93 per share.

Several other equities research analysts have also commented on AES. HSBC decreased their price objective on shares of AES from $15.00 to $14.00 in a research report on Monday, May 5th. Argus reaffirmed a "hold" rating on shares of AES in a report on Tuesday, May 27th. JPMorgan Chase & Co. reduced their target price on AES from $16.00 to $14.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company upped their target price on AES from $108.00 to $112.00 in a research note on Friday, May 2nd. Finally, Susquehanna reduced their price objective on AES from $16.00 to $15.00 and set a "positive" rating on the stock in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.22.

AES Price Performance

AES traded up $0.14 during trading on Friday, reaching $10.32. 4,425,900 shares of the stock were exchanged, compared to its average volume of 12,470,875. The business's 50 day moving average price is $10.76 and its two-hundred day moving average price is $11.62. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 7.17, a P/E/G ratio of 0.82 and a beta of 0.94. AES has a 1 year low of $9.46 and a 1 year high of $21.82.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.10). The company had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $3.13 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. The firm's quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS.

Hedge Funds Weigh In On AES

A number of large investors have recently bought and sold shares of AES. Exchange Traded Concepts LLC raised its holdings in AES by 75.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 34,411 shares of the utilities provider's stock valued at $443,000 after buying an additional 14,806 shares during the period. PFG Investments LLC purchased a new position in shares of AES in the 4th quarter valued at $141,000. OLD Second National Bank of Aurora lifted its stake in shares of AES by 2.3% during the fourth quarter. OLD Second National Bank of Aurora now owns 86,548 shares of the utilities provider's stock worth $1,114,000 after purchasing an additional 1,924 shares in the last quarter. Coastwise Capital Group LLC acquired a new position in shares of AES during the fourth quarter worth about $146,000. Finally, Caprock Group LLC acquired a new position in AES during the 4th quarter worth approximately $165,000. Hedge funds and other institutional investors own 93.13% of the company's stock.

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.