AES (NYSE:AES) Updates FY20 Earnings Guidance
AES (NYSE:AES) issued an update on its FY20 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.32-1.42 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.39. AES also updated its FY 2020
Pre-Market guidance to 1.32-1.42 EPS.
AES opened at $14.34 on Tuesday. The business has a 50 day moving average of $13.00 and a 200-day moving average of $16.04. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 4.00. The stock has a market capitalization of $9.14 billion, a price-to-earnings ratio of 32.59, a P/E/G ratio of 1.39 and a beta of 0.98. AES has a 1-year low of $8.11 and a 1-year high of $21.23.
AES (NYSE:AES) last issued its earnings results on Thursday, May 7th. The utilities provider reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.73 billion. AES had a return on equity of 23.42% and a net margin of 2.97%. AES’s revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share. Equities analysts predict 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 bought at an average price of $12.22 per share, for a total transaction of $6,110,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.54% of the company’s stock.
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.
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