AES (NYSE:AES) Releases Quarterly Earnings Results, Beats Expectations By $0.20 EPS

AES (NYSE:AES) issued its quarterly earnings results on Friday. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.20, Zacks reports. AES had a return on equity of 27.30% and a net margin of 8.34%. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the prior year, the business posted $0.73 earnings per share. AES updated its FY25 guidance to $2.10-2.26 EPS and its FY 2025 guidance to 2.100-2.260 EPS.

AES Stock Performance

Shares of AES opened at $11.59 on Friday. The firm has a market cap of $8.24 billion, a PE ratio of 8.05, a P/E/G ratio of 0.82 and a beta of 0.99. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The stock has a fifty day moving average price of $11.54 and a 200-day moving average price of $14.59. AES has a 12 month low of $9.88 and a 12 month high of $22.21.

AES Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.176 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.70 annualized dividend and a dividend yield of 6.08%. AES’s dividend payout ratio is presently 48.61%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AES. Barclays reduced their price target on AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Bank of America started coverage on AES in a research note on Monday, November 25th. They issued an “underperform” rating and a $11.00 price objective on the stock. HSBC started coverage on AES in a research note on Friday, December 13th. They issued a “buy” rating and a $17.00 price objective on the stock. Hsbc Global Res raised AES to a “strong-buy” rating in a research note on Friday, December 13th. Finally, Susquehanna dropped their price objective on AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. 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 an average target price of $18.80.

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.