Zacks Research Issues Optimistic Estimate for AES Earnings

The AES Co. (NYSE:AES) – Research analysts at Zacks Research raised their Q4 2024 earnings per share estimates for AES in a note issued to investors on Thursday, December 19th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings per share of $0.35 for the quarter, up from their prior estimate of $0.34. The consensus estimate for AES’s current full-year earnings is $1.95 per share. Zacks Research also issued estimates for AES’s Q4 2025 earnings at $0.54 EPS and FY2025 earnings at $2.02 EPS.

A number of other research firms also recently weighed in on AES. Jefferies Financial Group started coverage on AES in a research note on Wednesday, September 11th. They issued a “buy” rating and a $20.00 price target for the company. Hsbc Global Res upgraded shares of AES to a “strong-buy” rating in a report on Friday, December 13th. Mizuho cut their price target on shares of AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. Barclays dropped their target price on shares of AES from $23.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, December 13th. Finally, Bank of America initiated coverage on AES in a research report on Monday, November 25th. They set an “underperform” rating and a $11.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.30.

AES Price Performance

Shares of NYSE AES opened at $13.02 on Monday. AES has a fifty-two week low of $12.24 and a fifty-two week high of $22.21. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 0.71 and a beta of 1.02. 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 business has a 50-day moving average of $14.31 and a 200-day moving average of $16.70.

AES (NYSE:AES) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. AES had a net margin of 8.34% and a return on equity of 27.30%. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis.

AES Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.176 dividend. The ex-dividend date is Friday, January 31st. This is an increase from AES’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 5.41%. AES’s dividend payout ratio is 48.61%.

Institutional Trading of AES

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Millburn Ridgefield Corp acquired a new stake in shares of AES in the third quarter valued at approximately $28,000. Rothschild Investment LLC acquired a new stake in shares of AES during the 2nd quarter worth $28,000. Cromwell Holdings LLC increased its position in shares of AES by 59.1% in the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 640 shares during the period. UMB Bank n.a. raised its stake in AES by 102.3% in the second quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 898 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in AES during the second quarter worth about $33,000. Institutional investors and hedge funds 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.