The AES Corporation (AES) Issues FY17 Earnings Guidance
The AES Corporation (NYSE:AES) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $1.00-1.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.05.
AES has been the topic of a number of research analyst reports. Morgan Stanley reissued an equal weight rating on shares of The AES Corporation in a report on Monday, July 10th. BidaskClub downgraded shares of The AES Corporation from a sell rating to a strong sell rating in a report on Monday, July 31st. ValuEngine downgraded shares of The AES Corporation from a buy rating to a hold rating in a report on Friday, June 30th. Finally, Zacks Investment Research raised shares of The AES Corporation from a hold rating to a buy rating and set a $12.00 price target for the company in a report on Wednesday, July 12th. Three 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. The company presently has an average rating of Hold and a consensus target price of $11.75.
Shares of The AES Corporation (NYSE:AES) traded up 3.87% during mid-day trading on Tuesday, reaching $11.53. 1,650,650 shares of the company’s stock were exchanged. The stock’s market cap is $7.61 billion. The AES Corporation has a 52-week low of $10.60 and a 52-week high of $13.32. The stock’s 50-day moving average is $11.32 and its 200-day moving average is $11.39.
The AES Corporation (NYSE:AES) last announced its earnings results on Tuesday, August 8th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $2.97 billion. The AES Corporation had a negative net margin of 9.27% and a positive return on equity of 14.71%. The AES Corporation’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 earnings per share. On average, equities analysts expect that The AES Corporation will post $1.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Thursday, August 3rd will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, August 1st. This represents a $0.48 annualized dividend and a yield of 4.32%. The AES Corporation’s dividend payout ratio is -24.62%.
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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