AES (NYSE:AES) Issues FY19 Earnings Guidance

AES (NYSE:AES) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.28-1.40 for the period, compared to the Thomson Reuters consensus estimate of $1.33. AES also updated its FY 2019 guidance to $1.28-1.40 EPS.

A number of analysts recently commented on the stock. Argus upgraded shares of AES from a hold rating to a buy rating in a research note on Wednesday, May 22nd. Zacks Investment Research raised shares of AES from a hold rating to a buy rating and set a $20.00 price target for the company in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $14.50.

NYSE:AES opened at $15.89 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.34 and a debt-to-equity ratio of 3.27. The company has a market cap of $10.85 billion, a PE ratio of 12.81, a PEG ratio of 1.56 and a beta of 1.04. AES has a 1-year low of $12.30 and a 1-year high of $18.52.

AES (NYSE:AES) last issued its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.47 billion. AES had a return on equity of 19.05% and a net margin of 6.32%. AES’s revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS. Analysts expect that AES will post 1.34 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were paid a dividend of $0.1365 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.55 annualized dividend and a yield of 3.44%. AES’s dividend payout ratio (DPR) is presently 44.35%.

In other AES news, insider Jeffrey W. Ubben bought 2,582,000 shares of the stock in a transaction on Monday, May 13th. The shares were bought at an average price of $16.10 per share, with a total value of $41,570,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey W. Ubben bought 2,482,000 shares of the stock in a transaction on Thursday, May 9th. The shares were acquired at an average cost of $16.11 per share, for a total transaction of $39,985,020.00. The disclosure for this purchase can be found here. Insiders own 1.06% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first published by Rockland Register and is the property of of Rockland Register. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://rocklandregister.com/2019/05/31/aes-aes-issues-fy19-earnings-guidance.html.

About AES

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.

Read More: Asset Allocation and Your Retirement

Earnings History and Estimates for AES (NYSE:AES)

Receive News & Ratings for AES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AES and related companies with MarketBeat.com's FREE daily email newsletter.