The AES Corporation (AES) Updates FY17 Earnings Guidance
The AES Corporation (NYSE:AES) updated its FY17 earnings guidance on Thursday. 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.
Several research analysts recently weighed in on the company. Bank of America Corporation raised The AES Corporation from an underperform rating to a neutral rating and set a $11.50 target price for the company in a research note on Tuesday, October 24th. BidaskClub raised The AES Corporation from a strong sell rating to a sell rating in a research note on Wednesday, August 23rd. ValuEngine raised The AES Corporation from a hold rating to a buy rating in a report on Monday, October 2nd. Zacks Investment Research raised The AES Corporation from a hold rating to a buy rating and set a $13.00 target price for the company in a report on Thursday, August 17th. Finally, Morgan Stanley reaffirmed an equal weight rating on shares of The AES Corporation in a report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $12.63.
Shares of The AES Corporation (AES) traded down $0.08 during midday trading on Friday, hitting $10.49. The stock had a trading volume of 5,166,114 shares, compared to its average volume of 4,224,015. The firm has a market capitalization of $7.13 billion, a PE ratio of 10.68 and a beta of 1.22.
The AES Corporation (NYSE:AES) last announced its earnings results on Thursday, November 2nd. The utilities provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). The AES Corporation had a negative net margin of 5.43% and a positive return on equity of 15.14%. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same period in the prior year, the company earned $0.32 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. equities research analysts forecast that The AES Corporation will post 1.02 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Tuesday, October 31st. The AES Corporation’s dividend payout ratio is -41.03%.
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The AES Corporation Company Profile
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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