The AES Corporation (AES) Set to Announce Earnings on Thursday

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%.

COPYRIGHT VIOLATION NOTICE: This news story was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.com-unik.info/2017/11/01/the-aes-corporation-aes-set-to-announce-earnings-on-thursday.html.

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.

Earnings History for The AES Corporation (NYSE:AES)

What are top analysts saying about The AES Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for The AES Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit