The AES Corporation (NYSE:AES) is scheduled to release its earnings data before the market opens on Thursday, November 2nd. Analysts expect The AES Corporation to post earnings of $0.34 per share for the quarter. The AES Corporation has set its FY17 guidance at $1.00-1.10 EPS.
The AES Corporation (NYSE:AES) last posted its quarterly earnings results on Tuesday, August 8th. The utilities provider reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. The AES Corporation had a positive return on equity of 15.86% and a negative net margin of 5.30%. The company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same period last year, the firm earned $0.17 earnings per share. The AES Corporation’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts expect The AES Corporation to post $1.03 EPS for the current fiscal year and $1.21 EPS for the next fiscal year.
Shares of The AES Corporation (NYSE:AES) opened at 10.63 on Wednesday. The firm has a 50-day moving average price of $11.14 and a 200-day moving average price of $11.29. The firm’s market capitalization is $7.02 billion. The AES Corporation has a 1-year low of $10.48 and a 1-year high of $12.48.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.52%. The AES Corporation’s dividend payout ratio is currently -42.10%.
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A number of brokerages have commented on AES. Zacks Investment Research upgraded shares of The AES Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Thursday, August 24th. BidaskClub upgraded shares of The AES Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. ValuEngine upgraded shares of The AES Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $15.00 price objective on shares of The AES Corporation in a report on Wednesday, September 13th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $12.00 target price on shares of The AES Corporation in a research note on Monday, September 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $12.63.
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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