Zacks Research Has Positive Estimate for AES Q4 Earnings

The AES Co. (NYSE:AES) – Equities researchers at Zacks Research increased their Q4 2024 EPS estimates for AES in a research report issued to clients and investors on Thursday, December 19th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings per share of $0.35 for the quarter, up from their prior estimate of $0.34. The consensus estimate for AES’s current full-year earnings is $1.95 per share. Zacks Research also issued estimates for AES’s Q4 2025 earnings at $0.54 EPS and FY2025 earnings at $2.02 EPS.

Several other research analysts have also commented on AES. HSBC began coverage on AES in a report on Friday, December 13th. They set a “buy” rating and a $17.00 price objective for the company. Evercore ISI raised shares of AES to a “strong-buy” rating in a research note on Wednesday, September 18th. Mizuho lowered their price objective on shares of AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, November 21st. Bank of America assumed coverage on shares of AES in a research report on Monday, November 25th. They issued an “underperform” rating and a $11.00 target price for the company. Finally, Hsbc Global Res upgraded AES to a “strong-buy” rating in a research report on Friday, December 13th. One equities 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.30.

AES Price Performance

AES stock opened at $13.06 on Monday. The stock has a market cap of $9.29 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 0.71 and a beta of 1.02. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The business has a 50-day simple moving average of $14.40 and a 200 day simple moving average of $16.75. AES has a 52 week low of $12.24 and a 52 week high of $22.21.

AES (NYSE:AES) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.60 by $0.11. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.46 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.60 EPS.

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 issued a dividend of $0.176 per share. The ex-dividend date is Friday, January 31st. This is a boost from AES’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a yield of 5.39%. AES’s dividend payout ratio is currently 48.61%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Rothschild Investment LLC purchased a new position in AES during the 2nd quarter valued at about $28,000. Millburn Ridgefield Corp purchased a new position in shares of AES during the third quarter valued at approximately $28,000. UMB Bank n.a. raised its holdings in shares of AES by 102.3% during the second quarter. UMB Bank n.a. now owns 1,776 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 898 shares in the last quarter. nVerses Capital LLC purchased a new stake in AES in the second quarter worth $33,000. Finally, Cromwell Holdings LLC boosted its holdings in AES by 59.1% in the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 640 shares in the last quarter. Institutional investors own 93.13% of the company’s stock.

About AES

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.