AES (AES) to Release Earnings on Thursday

AES (NYSE:AES) is expected to issue its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.34 per share and revenue of $3.07 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

AES Stock Performance

Shares of AES opened at $10.88 on Wednesday. AES has a one year low of $9.88 and a one year high of $22.21. The company has a 50-day moving average of $11.62 and a two-hundred day moving average of $14.64. 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 stock has a market cap of $7.73 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 0.82 and a beta of 0.99.

AES Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.176 per share. This represents a $0.70 annualized dividend and a yield of 6.47%. The ex-dividend date is Thursday, May 1st. AES’s payout ratio is 48.61%.

Analysts Set New Price Targets

Several brokerages have recently commented on AES. HSBC started coverage on AES in a research report on Friday, December 13th. They issued a “buy” rating and a $17.00 target price for the company. Barclays decreased their price objective on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Mizuho dropped their target price on AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, November 21st. Bank of America started coverage on shares of AES in a report on Monday, November 25th. They set an “underperform” rating and a $11.00 price target for the company. Finally, Susquehanna dropped their price objective on shares of AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.80.

AES Company Profile

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.