AES (AES) Expected to Announce Quarterly Earnings on Thursday

AES (NYSE:AES) is anticipated to post its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect AES to post earnings of $0.34 per share and revenue of $3.07 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

AES Trading Up 1.1 %

Shares of NYSE:AES opened at $10.41 on Thursday. AES has a 1 year low of $9.88 and a 1 year high of $22.21. The firm has a fifty day moving average price of $11.82 and a 200 day moving average price of $14.82. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 3.21. The stock has a market capitalization of $7.40 billion, a PE ratio of 7.23, a P/E/G ratio of 0.77 and a beta of 0.99.

AES Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.176 per share. This is a positive change from AES’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.76%. AES’s dividend payout ratio is currently 48.61%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Mizuho cut their price objective on AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, November 21st. Susquehanna dropped their price target on shares of AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research report on Tuesday, November 5th. Hsbc Global Res upgraded shares of AES to a “strong-buy” rating in a report on Friday, December 13th. Barclays dropped their target price on shares of AES from $17.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Bank of America initiated coverage on AES in a research note on Monday, November 25th. They issued an “underperform” rating and a $11.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, AES currently has a consensus rating of “Moderate Buy” and an average price target of $18.80.

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.