AES (NYSE:AES) issued its quarterly earnings data on Tuesday. The utilities provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.11, Bloomberg Earnings reports. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $3.47 billion. AES had a negative net margin of 8.77% and a positive return on equity of 16.52%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. AES updated its FY18 guidance to $1.15-1.25 EPS.
AES (AES) opened at $10.87 on Thursday. AES has a 52-week low of $9.86 and a 52-week high of $12.05. The stock has a market capitalization of $7,410.24, a P/E ratio of 10.29, a PEG ratio of 1.17 and a beta of 1.26. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.89 and a current ratio of 1.06.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were given a dividend of $0.13 per share. This is a positive change from AES’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.78%. AES’s dividend payout ratio (DPR) is -29.55%.
A number of brokerages have recently issued reports on AES. Morgan Stanley decreased their target price on AES from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research report on Wednesday, December 13th. Bank of America upgraded AES from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Monday, November 13th. SunTrust Banks set a $14.00 target price on AES and gave the company a “buy” rating in a research report on Monday, February 12th. ValuEngine upgraded AES from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, UBS Group began coverage on AES in a research report on Friday, February 2nd. They set a “neutral” rating and a $12.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $12.42.
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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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