Research Analysts Set Expectations for The AES Co.’s Q3 2024 Earnings (NYSE:AES)

The AES Co. (NYSE:AES) – Equities research analysts at Zacks Research increased their Q3 2024 earnings per share (EPS) estimates for shares of AES in a research note issued to investors on Tuesday, September 17th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings per share of $0.57 for the quarter, up from their prior forecast of $0.56. The consensus estimate for AES’s current full-year earnings is $1.91 per share. Zacks Research also issued estimates for AES’s Q1 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.79 EPS, Q4 2025 earnings at $0.78 EPS and FY2025 earnings at $2.06 EPS.

AES (NYSE:AES) last issued its earnings results on Thursday, August 1st. The utilities provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. AES had a net margin of 6.07% and a return on equity of 32.74%. The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $3.22 billion. During the same quarter last year, the company earned $0.21 earnings per share. The firm’s revenue was down 2.8% compared to the same quarter last year.

Several other brokerages have also commented on AES. Barclays cut their price target on shares of AES from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Jefferies Financial Group assumed coverage on AES in a research report on Wednesday, September 11th. They set a “buy” rating and a $20.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, AES currently has an average rating of “Moderate Buy” and a consensus target price of $21.50.

AES Trading Up 0.1 %

AES opened at $19.26 on Thursday. The business’s 50-day simple moving average is $17.37 and its 200-day simple moving average is $17.98. The company has a market cap of $13.69 billion, a P/E ratio of 26.75 and a beta of 1.07. AES has a one year low of $11.43 and a one year high of $22.21. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 0.97.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Rise Advisors LLC increased its holdings in shares of AES by 92.4% in the 2nd quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 720 shares in the last quarter. Rothschild Investment LLC purchased a new position in AES in the second quarter valued at about $28,000. UMB Bank n.a. lifted its position in shares of AES by 102.3% during the 2nd quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 898 shares during the period. Riverview Trust Co purchased a new stake in shares of AES during the 1st quarter worth approximately $33,000. Finally, nVerses Capital LLC purchased a new position in AES in the 2nd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a $0.1725 dividend. The ex-dividend date was Thursday, August 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.58%. AES’s dividend payout ratio (DPR) is presently 95.83%.

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.