What is Zacks Research’s Estimate for AES FY2024 Earnings?

The AES Co. (NYSE:AES) – Research analysts at Zacks Research increased their FY2024 EPS estimates for shares of AES in a research note issued on Thursday, December 19th. Zacks Research analyst R. Department now anticipates that the utilities provider will earn $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.

A number of other research analysts have also recently weighed in on the stock. Bank of America began coverage on shares of AES in a report on Monday, November 25th. They issued an “underperform” rating and a $11.00 price objective for the company. Mizuho dropped their price target on shares of AES from $24.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. Evercore ISI upgraded AES to a “strong-buy” rating in a research note on Wednesday, September 18th. HSBC initiated coverage on AES in a research note on Friday, December 13th. They set a “buy” rating and a $17.00 target price for the company. Finally, Hsbc Global Res raised AES to a “strong-buy” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.30.

AES Stock Performance

Shares of AES stock opened at $13.00 on Friday. 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 stock has a market capitalization of $9.24 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 0.71 and a beta of 1.01. The business has a 50-day moving average of $14.57 and a 200 day moving average of $16.91. AES has a 12 month low of $12.24 and a 12 month high of $22.21.

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

AES Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.176 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.41%. This is an increase from AES’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, January 31st. AES’s dividend payout ratio (DPR) is 48.61%.

Institutional Investors Weigh In On AES

A number of institutional investors and hedge funds have recently bought and sold shares of AES. State Street Corp increased its position in shares of AES by 18.2% during the third quarter. State Street Corp now owns 38,651,752 shares of the utilities provider’s stock worth $775,354,000 after purchasing an additional 5,960,546 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in AES during the 2nd quarter worth approximately $30,746,000. Assenagon Asset Management S.A. increased its position in AES by 169.5% during the third quarter. Assenagon Asset Management S.A. now owns 2,143,688 shares of the utilities provider’s stock worth $43,002,000 after buying an additional 1,348,195 shares during the period. Two Sigma Advisers LP lifted its stake in AES by 30.3% in the third quarter. Two Sigma Advisers LP now owns 3,838,500 shares of the utilities provider’s stock valued at $77,000,000 after buying an additional 892,500 shares during the last quarter. Finally, Bridgewater Associates LP purchased a new position in shares of AES during the third quarter worth approximately $17,390,000. 93.13% of the stock is owned by hedge funds and other institutional investors.

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.