AES (NYSE:AES) updated its FY 2020
Pre-Market earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.32-1.42 for the period, compared to the Thomson Reuters consensus estimate of $1.38. AES also updated its FY20 guidance to $1.32-1.42 EPS.

Several equities research analysts have commented on AES shares. TheStreet raised shares of AES from a c rating to a b- rating in a research report on Thursday, May 7th. Royal Bank of Canada raised shares of AES from a sector perform rating to an outperform rating and cut their price target for the stock from $22.00 to $18.00 in a research report on Thursday, April 2nd. Seaport Global Securities started coverage on shares of AES in a research report on Wednesday, May 20th. They set a buy rating and a $17.00 price target on the stock. UBS Group raised shares of AES from a neutral rating to a buy rating and cut their price target for the stock from $21.00 to $16.00 in a research report on Monday, March 16th. Finally, Zacks Investment Research raised shares of AES from a hold rating to a buy rating and set a $16.00 price target on the stock in a research report on Monday, April 13th. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. AES currently has an average rating of Buy and an average price target of $17.72.

AES stock opened at $14.41 on Friday. The firm has a market capitalization of $9.58 billion, a PE ratio of 32.75, a P/E/G ratio of 1.45 and a beta of 0.99. The company’s 50-day moving average is $13.11 and its 200-day moving average is $15.98. AES has a fifty-two week low of $8.11 and a fifty-two week high of $21.23. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.06 and a quick ratio of 0.97.

AES (NYSE:AES) last announced its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.29 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.29. AES had a net margin of 2.97% and a return on equity of 23.42%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the business earned $0.28 EPS. AES’s quarterly revenue was down 11.8% on a year-over-year basis. As a group, analysts expect that AES will post 1.38 EPS for the current year.

In related news, Director Jeffrey W. Ubben purchased 500,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of $11.67 per share, for a total transaction of $5,835,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.54% of the stock is currently owned by corporate insiders.

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.

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Earnings History and Estimates for AES (NYSE:AES)

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