Q4 2024 Earnings Estimate for The AES Co. Issued By Zacks Research (NYSE:AES)

The AES Co. (NYSE:AES) – Analysts at Zacks Research lowered their Q4 2024 earnings per share (EPS) estimates for shares of AES in a research report issued to clients and investors on Thursday, August 22nd. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings of $0.46 per share for the quarter, down from their prior forecast of $0.59. The consensus estimate for AES’s current full-year earnings is $1.91 per share. Zacks Research also issued estimates for AES’s Q1 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.78 EPS, Q4 2025 earnings at $0.80 EPS, Q2 2026 earnings at $0.40 EPS and FY2026 earnings at $2.12 EPS.

AES (NYSE:AES) last released its earnings results on Thursday, August 1st. The utilities provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.36 by $0.02. AES had a return on equity of 35.44% and a net margin of 6.07%. The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.22 billion. During the same period in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year.

Several other research analysts also recently issued reports on the stock. Seaport Res Ptn downgraded shares of AES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Barclays cut their target price on AES from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Finally, Mizuho boosted their price target on AES from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.71.

AES Stock Performance

Shares of AES stock opened at $18.08 on Monday. The company has a market capitalization of $12.85 billion, a price-to-earnings ratio of 25.11 and a beta of 1.08. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.71 and a current ratio of 0.78. AES has a one year low of $11.43 and a one year high of $22.21. The company’s 50-day moving average is $17.67 and its 200 day moving average is $17.82.

AES Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a $0.1725 dividend. The ex-dividend date was Thursday, August 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.82%. AES’s dividend payout ratio (DPR) is currently 95.83%.

Institutional Investors Weigh In On AES

Large investors have recently made changes to their positions in the company. Cetera Investment Advisers increased its holdings in AES by 32.7% during the second quarter. Cetera Investment Advisers now owns 100,516 shares of the utilities provider’s stock valued at $1,766,000 after buying an additional 24,764 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in AES during the second quarter valued at $179,000. Quarry LP grew its holdings in AES by 76.8% during the second quarter. Quarry LP now owns 107,425 shares of the utilities provider’s stock valued at $1,887,000 after purchasing an additional 46,671 shares during the period. Wallace Advisory Group LLC increased its position in AES by 14.4% in the second quarter. Wallace Advisory Group LLC now owns 23,001 shares of the utilities provider’s stock worth $404,000 after buying an additional 2,904 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of AES by 56.5% in the second quarter. NewEdge Advisors LLC now owns 182,844 shares of the utilities provider’s stock worth $3,213,000 after buying an additional 66,010 shares during the period. 93.13% of the stock is currently owned by institutional investors.

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.