Research Analysts Set Expectations for AES FY2024 Earnings

The AES Co. (NYSE:AES) – Zacks Research lifted their FY2024 earnings per share (EPS) estimates for AES in a research note issued to investors on Thursday, December 19th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings of $1.94 per share for the year, up from their previous estimate of $1.93. The consensus estimate for AES’s current full-year earnings is $1.95 per share. Zacks Research also issued estimates for AES’s Q1 2025 earnings at $0.39 EPS, Q2 2025 earnings at $0.42 EPS, Q1 2026 earnings at $0.52 EPS, Q2 2026 earnings at $0.52 EPS, Q3 2026 earnings at $0.75 EPS and FY2026 earnings at $2.08 EPS.

Several other research firms also recently commented on AES. Barclays decreased their price objective on AES from $23.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, December 13th. HSBC initiated coverage on shares of AES in a report on Friday, December 13th. They set a “buy” rating and a $17.00 price objective on the stock. Evercore ISI raised shares of AES to a “strong-buy” rating in a research report on Wednesday, September 18th. Mizuho dropped their price target on shares of AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, November 21st. Finally, Jefferies Financial Group began coverage on AES in a report on Wednesday, September 11th. They set a “buy” rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, AES currently has an average rating of “Moderate Buy” and an average target price of $19.30.

AES Stock Performance

Shares of AES opened at $12.44 on Friday. The stock has a 50-day moving average of $14.67 and a 200-day moving average of $16.94. AES has a one year low of $12.24 and a one year high of $22.21. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.85 and a quick ratio of 0.80. The company has a market cap of $8.85 billion, a PE ratio of 8.64, a P/E/G ratio of 0.71 and a beta of 1.01.

AES (NYSE:AES) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.11. AES had a net margin of 8.34% and a return on equity of 27.30%. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. AES’s revenue was down 4.2% on a year-over-year basis.

Institutional Trading of AES

A number of large investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new position in shares of AES during the 2nd quarter valued at approximately $28,000. Millburn Ridgefield Corp bought a new stake in shares of AES in the third quarter valued at $28,000. UMB Bank n.a. increased its holdings in AES by 102.3% in the 2nd quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 898 shares during the last quarter. nVerses Capital LLC bought a new stake in AES in the 2nd quarter valued at about $33,000. Finally, Cromwell Holdings LLC boosted its position in AES by 59.1% during the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 640 shares during the period. Hedge funds and other institutional investors own 93.13% of the company’s stock.

AES Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.176 dividend. This is an increase from AES’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date is Friday, January 31st. AES’s payout ratio is 48.61%.

About AES

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.