AES (AES) Posts Earnings Results, Beats Expectations By $0.05 EPS

AES (NYSE:AES) posted its earnings results on Tuesday. The utilities provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05, MarketWatch Earnings reports. AES had a negative net margin of 1.87% and a positive return on equity of 19.26%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same period in the previous year, the firm posted $0.23 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. AES updated its FY 2018 guidance to $1.15-1.25 EPS and its FY18 guidance to $1.15-1.25 EPS.

Shares of NYSE:AES opened at $16.01 on Wednesday. The stock has a market cap of $9.66 billion, a P/E ratio of 14.82, a PEG ratio of 1.45 and a beta of 0.97. AES has a 12 month low of $9.86 and a 12 month high of $16.04. The company has a debt-to-equity ratio of 3.24, a quick ratio of 1.18 and a current ratio of 1.32.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $0.52 annualized dividend and a yield of 3.25%. AES’s payout ratio is 48.15%.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of AES from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Wednesday, October 10th. ValuEngine upgraded shares of AES from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Finally, Morgan Stanley restated a “hold” rating and issued a $14.50 target price (up from $14.00) on shares of AES in a report on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. AES presently has an average rating of “Hold” and an average price target of $14.00.

A number of large investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in AES by 2.8% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,307,083 shares of the utilities provider’s stock valued at $32,299,000 after purchasing an additional 62,581 shares during the last quarter. SG Americas Securities LLC grew its holdings in AES by 116.8% during the 3rd quarter. SG Americas Securities LLC now owns 152,311 shares of the utilities provider’s stock valued at $2,132,000 after purchasing an additional 82,058 shares during the last quarter. LSV Asset Management grew its holdings in AES by 3.7% during the 3rd quarter. LSV Asset Management now owns 1,992,242 shares of the utilities provider’s stock valued at $27,891,000 after purchasing an additional 71,700 shares during the last quarter. Achmea Investment Management B.V. grew its holdings in AES by 52.3% during the 3rd quarter. Achmea Investment Management B.V. now owns 245,535 shares of the utilities provider’s stock valued at $3,437,000 after purchasing an additional 84,303 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in AES during the 3rd quarter valued at about $100,000. Institutional investors own 98.78% of the company’s stock.

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AES Company Profile

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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.

See Also: Price to Earnings Ratio (PE) Basics

Earnings History for AES (NYSE:AES)

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