AES (NYSE:AES) Releases FY 2020 Pre-Market Earnings Guidance
AES (NYSE:AES) updated its FY 2020
Pre-Market earnings guidance on Tuesday. The company provided EPS guidance of 1.32-1.42 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.38. AES also updated its FY20 guidance to $1.32-1.42 EPS.
Several research firms have recently issued reports on AES. Seaport Global Securities began coverage on AES in a report on Wednesday, May 20th. They issued a buy rating and a $17.00 target price for the company. UBS Group raised AES from a neutral rating to a buy rating and reduced their price objective for the company from $21.00 to $16.00 in a report on Monday, March 16th. TheStreet raised AES from a c rating to a b- rating in a report on Thursday, May 7th. Bank of America raised AES from a neutral rating to a buy rating and set a $15.00 price objective for the company in a report on Monday, March 30th. Finally, Royal Bank of Canada raised AES from a sector perform rating to an outperform rating and reduced their price objective for the company from $22.00 to $18.00 in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. AES presently has a consensus rating of Buy and a consensus target price of $17.72.
Shares of AES stock opened at $14.34 on Tuesday. The company has a market capitalization of $9.14 billion, a P/E ratio of 32.59, a P/E/G ratio of 1.39 and a beta of 0.98. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.97 and a current ratio of 1.06. The company has a fifty day moving average of $13.00 and a 200 day moving average of $16.04. AES has a fifty-two week low of $8.11 and a fifty-two week high of $21.23.
In other AES news, Director Jeffrey W. Ubben bought 500,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average cost of $12.22 per share, for a total transaction of $6,110,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.54% of the stock is owned by corporate insiders.
AES Company Profile
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.
Further Reading: Limitations of the P/E Growth ratio
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