Equities analysts predict that The AES Corporation (NYSE:AES) will announce earnings per share of $0.33 for the current quarter, according to Zacks. Zero analysts have issued estimates for The AES Corporation’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.35. The AES Corporation reported earnings of $0.32 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.1%. The firm is expected to report its next earnings results on Friday, November 3rd.

On average, analysts expect that The AES Corporation will report full-year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $1.02 to $1.09. For the next fiscal year, analysts expect that the firm will report earnings of $1.24 per share, with EPS estimates ranging from $1.21 to $1.25. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover The AES Corporation.

The AES Corporation (NYSE:AES) last issued its quarterly earnings results on Tuesday, August 8th. The utilities provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $2.97 billion. The AES Corporation had a negative net margin of 5.30% and a positive return on equity of 15.86%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 EPS.

Several equities research analysts recently weighed in on AES shares. Zacks Investment Research raised The AES Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. BidaskClub raised The AES Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. ValuEngine downgraded The AES Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of The AES Corporation in a report on Monday, July 10th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $11.75.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in The AES Corporation by 4.6% in the first quarter. Vanguard Group Inc. now owns 77,076,177 shares of the utilities provider’s stock valued at $861,713,000 after buying an additional 3,406,863 shares during the last quarter. BlackRock Inc. boosted its position in The AES Corporation by 5,080.9% in the first quarter. BlackRock Inc. now owns 68,829,027 shares of the utilities provider’s stock valued at $769,510,000 after buying an additional 67,500,500 shares during the last quarter. Aristotle Capital Management LLC boosted its position in The AES Corporation by 2.4% in the first quarter. Aristotle Capital Management LLC now owns 15,141,789 shares of the utilities provider’s stock valued at $169,285,000 after buying an additional 358,505 shares during the last quarter. Bank of New York Mellon Corp boosted its position in The AES Corporation by 29.1% in the first quarter. Bank of New York Mellon Corp now owns 11,702,896 shares of the utilities provider’s stock valued at $130,838,000 after buying an additional 2,638,095 shares during the last quarter. Finally, TCW Group Inc. boosted its position in The AES Corporation by 1.7% in the first quarter. TCW Group Inc. now owns 10,374,795 shares of the utilities provider’s stock valued at $115,990,000 after buying an additional 173,907 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Shares of The AES Corporation (AES) opened at 11.10 on Friday. The stock’s market cap is $7.33 billion. The AES Corporation has a one year low of $10.60 and a one year high of $13.32. The company has a 50-day moving average of $11.17 and a 200 day moving average of $11.37.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.32%. The ex-dividend date is Tuesday, August 1st. The AES Corporation’s payout ratio is -42.10%.

About The AES Corporation

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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Earnings History and Estimates for The AES Corporation (NYSE:AES)

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