What is Zacks Research’s Estimate for AES FY2024 Earnings?

The AES Co. (NYSE:AES) – Investment analysts at Zacks Research upped their FY2024 earnings per share (EPS) estimates for AES in a research note issued to investors on Thursday, December 19th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings per share of $1.94 for the year, up from their prior estimate of $1.93. The consensus estimate for AES’s current full-year earnings is $1.95 per share. Zacks Research also issued estimates for AES’s Q1 2025 earnings at $0.39 EPS, Q2 2025 earnings at $0.42 EPS, Q1 2026 earnings at $0.52 EPS, Q2 2026 earnings at $0.52 EPS, Q3 2026 earnings at $0.75 EPS and FY2026 earnings at $2.08 EPS.

AES has been the topic of a number of other research reports. HSBC started coverage on shares of AES in a research report on Friday, December 13th. They issued a “buy” rating and a $17.00 price objective on the stock. Evercore ISI upgraded shares of AES to a “strong-buy” rating in a research note on Wednesday, September 18th. Jefferies Financial Group started coverage on AES in a report on Wednesday, September 11th. They set a “buy” rating and a $20.00 target price on the stock. Hsbc Global Res raised AES to a “strong-buy” rating in a research report on Friday, December 13th. Finally, Susquehanna cut their price objective on AES from $24.00 to $21.00 and set a “positive” rating for the company in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.30.

AES Price Performance

Shares of AES opened at $13.00 on Friday. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The firm has a market capitalization of $9.24 billion, a PE ratio of 9.03, a P/E/G ratio of 0.71 and a beta of 1.01. The stock has a 50 day simple moving average of $14.49 and a 200 day simple moving average of $16.85. AES has a 52-week low of $12.24 and a 52-week high of $22.21.

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

AES Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.176 per share. This is an increase from AES’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.70 annualized dividend and a yield of 5.41%. AES’s payout ratio is presently 48.61%.

Institutional Investors Weigh In On AES

Several hedge funds and other institutional investors have recently made changes to their positions in AES. Cromwell Holdings LLC increased its holdings in shares of AES by 59.1% during the third quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock worth $35,000 after buying an additional 640 shares in the last quarter. Raymond James Trust N.A. grew its position in AES by 1.6% during the 2nd quarter. Raymond James Trust N.A. now owns 44,433 shares of the utilities provider’s stock worth $781,000 after acquiring an additional 711 shares during the last quarter. SeaCrest Wealth Management LLC raised its position in AES by 3.2% in the third quarter. SeaCrest Wealth Management LLC now owns 26,301 shares of the utilities provider’s stock valued at $528,000 after purchasing an additional 826 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of AES by 8.0% during the third quarter. Empowered Funds LLC now owns 11,179 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 830 shares in the last quarter. Finally, OLD Second National Bank of Aurora grew its holdings in shares of AES by 1.0% during the third quarter. OLD Second National Bank of Aurora now owns 84,624 shares of the utilities provider’s stock worth $1,698,000 after purchasing an additional 835 shares during the last quarter. 93.13% of the stock is owned by institutional investors.

AES Company Profile

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.