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.

AES (NYSE:AES) last issued its earnings results on Thursday, May 7th. The utilities provider reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. AES had a net margin of 2.97% and a return on equity of 23.42%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the firm posted $0.28 EPS. AES’s quarterly revenue was down 11.8% compared to the same quarter last year. Analysts forecast that AES will post 1.38 EPS for the current year.

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

Earnings History and Estimates for AES (NYSE:AES)

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