The AES Corporation (NYSE:AES) – Investment analysts at SunTrust Banks raised their Q2 2017 earnings per share (EPS) estimates for shares of The AES Corporation in a report issued on Tuesday. SunTrust Banks analyst A. Agha now expects that the utilities provider will post earnings of $0.21 per share for the quarter, up from their prior forecast of $0.18. SunTrust Banks also issued estimates for The AES Corporation’s Q3 2017 earnings at $0.32 EPS, Q4 2017 earnings at $0.35 EPS, Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.42 EPS, Q1 2019 earnings at $0.21 EPS and Q2 2019 earnings at $0.26 EPS.
The AES Corporation (NYSE:AES) last issued its quarterly earnings results on Monday, May 8th. The utilities provider reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.46 billion. The AES Corporation had a positive return on equity of 14.71% and a negative net margin of 9.27%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 earnings per share. COPYRIGHT VIOLATION WARNING: This article was first posted by BNB Daily and is owned by of BNB Daily. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/14/suntrust-banks-research-analysts-lift-earnings-estimates-for-the-aes-corporation-aes-updated.html.
A number of other analysts have also recently issued reports on the company. BidaskClub cut The AES Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday. ValuEngine raised The AES Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised The AES Corporation from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, July 12th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of The AES Corporation in a research report on Monday, July 10th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $11.75.
The AES Corporation (AES) opened at 11.05 on Wednesday. The firm has a 50-day moving average price of $11.32 and a 200 day moving average price of $11.39. The company’s market capitalization is $7.29 billion. The AES Corporation has a 12 month low of $10.60 and a 12 month high of $13.32.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Thursday, August 3rd will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, August 1st. This represents a $0.48 annualized dividend and a yield of 4.34%. The AES Corporation’s payout ratio is currently -24.62%.
A number of hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in The AES Corporation during the first quarter valued at $117,000. IFP Advisors Inc boosted its stake in The AES Corporation by 94.0% in the first quarter. IFP Advisors Inc now owns 11,329 shares of the utilities provider’s stock valued at $127,000 after buying an additional 5,489 shares during the last quarter. HRT Financial LLC purchased a new stake in The AES Corporation during the first quarter valued at $132,000. Pacer Advisors Inc. boosted its stake in The AES Corporation by 3.1% in the first quarter. Pacer Advisors Inc. now owns 13,437 shares of the utilities provider’s stock valued at $150,000 after buying an additional 402 shares during the last quarter. Finally, Huntington National Bank boosted its stake in The AES Corporation by 62.7% in the second quarter. Huntington National Bank now owns 14,257 shares of the utilities provider’s stock valued at $158,000 after buying an additional 5,492 shares during the last quarter. 93.71% of the stock is owned by institutional investors and hedge funds.
About The AES Corporation
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
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