The AES Corporation (NYSE:AES) issued an update on its FY17 earnings guidance on Monday morning. 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 $1.05.

The AES Corporation (NYSE AES) opened at 11.19 on Monday. The company has a 50-day moving average of $11.21 and a 200-day moving average of $11.31. The AES Corporation has a 1-year low of $10.60 and a 1-year high of $12.48. The firm’s market cap is $7.39 billion.

The AES Corporation (NYSE:AES) last announced its earnings results on Tuesday, August 8th. The utilities provider reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The AES Corporation had a negative net margin of 5.30% and a positive return on equity of 15.86%. The business had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same quarter in the prior year, the company posted $0.17 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. Analysts predict that The AES Corporation will post $1.05 earnings per share for the current year.

Several research analysts recently commented on the stock. ValuEngine upgraded shares of The AES Corporation from a hold rating to a buy rating in a report on Monday, October 2nd. SunTrust Banks, Inc. restated a buy rating and set a $15.00 target price on shares of The AES Corporation in a report on Wednesday, September 13th. Zacks Investment Research cut shares of The AES Corporation from a buy rating to a sell rating in a report on Monday, September 11th. Royal Bank Of Canada restated a hold rating and set a $12.00 target price on shares of The AES Corporation in a report on Monday, September 11th. Finally, Morgan Stanley restated an equal weight rating on shares of The AES Corporation in a report on Friday, September 8th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $13.00.

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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.

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

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