SunTrust Banks Equities Analysts Reduce Earnings Estimates for The AES Corporation (AES)

The AES Corporation (NYSE:AES) – SunTrust Banks lowered their Q3 2017 earnings per share (EPS) estimates for The AES Corporation in a research report issued on Tuesday. SunTrust Banks analyst A. Agha now expects that the utilities provider will earn $0.30 per share for the quarter, down from their previous forecast of $0.32. SunTrust Banks also issued estimates for The AES Corporation’s Q4 2017 earnings at $0.33 EPS, Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.39 EPS and Q2 2019 earnings at $0.31 EPS.

A number of other equities research analysts have also recently weighed in on AES. BidaskClub upgraded shares of The AES Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Zacks Investment Research upgraded shares of The AES Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. ValuEngine upgraded shares of The AES Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Morgan Stanley restated an “equal weight” rating on shares of The AES Corporation in a report on Monday, July 10th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The AES Corporation currently has an average rating of “Hold” and an average price target of $11.75.

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The AES Corporation (NYSE:AES) opened at 11.25 on Wednesday. The company’s 50-day moving average price is $11.19 and its 200 day moving average price is $11.37. The company’s market capitalization is $7.43 billion. The AES Corporation has a 12 month low of $10.60 and a 12 month high of $13.32.

The AES Corporation (NYSE:AES) last announced its earnings results on Tuesday, August 8th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $2.97 billion. The AES Corporation had a positive return on equity of 15.86% and a negative net margin of 5.30%. The AES Corporation’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the company earned $0.17 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Tuesday, August 1st. The AES Corporation’s dividend payout ratio (DPR) is presently -42.10%.

A number of large investors have recently made changes to their positions in the company. Pinnacle Bank acquired a new stake in shares of The AES Corporation during the first quarter worth $411,000. Jane Street Group LLC acquired a new stake in shares of The AES Corporation during the first quarter worth $117,000. Ffcm LLC boosted its stake in shares of The AES Corporation by 171.8% in the second quarter. Ffcm LLC now owns 10,495 shares of the utilities provider’s stock worth $116,000 after buying an additional 6,634 shares during the period. IFP Advisors Inc boosted its stake in shares of The AES Corporation by 94.0% in the first quarter. IFP Advisors Inc now owns 11,329 shares of the utilities provider’s stock worth $127,000 after buying an additional 5,489 shares during the period. Finally, HRT Financial LLC acquired a new stake in shares of The AES Corporation during the first quarter worth $132,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

The AES Corporation Company Profile

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.

Earnings History and Estimates for The AES Corporation (NYSE:AES)

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