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.

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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.

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Earnings History and Estimates for AES (NYSE:AES)

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