The AES Corporation (NYSE:AES) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of $1.00-1.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.05.
The AES Corporation (NYSE:AES) opened at 11.20 on Tuesday. The AES Corporation has a 12 month low of $10.60 and a 12 month high of $12.48. The company’s 50-day moving average price is $11.21 and its 200 day moving average price is $11.31. The stock’s market capitalization is $7.39 billion.
The AES Corporation (NYSE:AES) last posted its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The AES Corporation had a positive return on equity of 15.86% and a negative net margin of 5.30%. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period last year, the firm earned $0.17 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts forecast that The AES Corporation will post $1.05 earnings per share for the current fiscal year.
AES has been the subject of a number of recent research reports. ValuEngine cut The AES Corporation from a buy rating to a hold rating in a research report on Friday, September 1st. BidaskClub raised The AES Corporation from a strong sell rating to a sell rating in a research report on Wednesday, August 23rd. Finally, 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. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $13.00.
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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