SunTrust Banks Comments on AES Co.’s Q2 2018 Earnings (AES)

AES Co. (NYSE:AES) – Equities researchers at SunTrust Banks issued their Q2 2018 earnings per share estimates for AES in a report issued on Tuesday, May 8th, according to Zacks Investment Research. SunTrust Banks analyst A. Agha anticipates that the utilities provider will post earnings of $0.26 per share for the quarter. SunTrust Banks currently has a “Buy” rating and a $14.00 target price on the stock. SunTrust Banks also issued estimates for AES’s Q3 2018 earnings at $0.27 EPS and Q4 2018 earnings at $0.39 EPS.

AES (NYSE:AES) last issued its quarterly earnings data on Tuesday, May 8th. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.13 billion. AES had a negative net margin of 3.63% and a positive return on equity of 18.70%. AES’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of AES from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Tuesday, April 3rd. ValuEngine upgraded shares of AES from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Morgan Stanley set a $14.00 price target on shares of AES and gave the stock a “hold” rating in a research note on Friday, April 27th. UBS started coverage on shares of AES in a research note on Friday, February 2nd. They set a “neutral” rating and a $12.00 price target on the stock. Finally, Bank of America lowered shares of AES from a “buy” rating to a “neutral” rating in a research note on Wednesday. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $12.79.

Shares of AES opened at $12.05 on Friday. The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.00 and a current ratio of 1.12. The stock has a market capitalization of $8.12 billion, a P/E ratio of 11.16, a P/E/G ratio of 1.22 and a beta of 1.14. AES has a 12-month low of $12.07 and a 12-month high of $12.24.

Several institutional investors have recently made changes to their positions in AES. Mizuho Securities USA LLC acquired a new position in shares of AES during the first quarter worth about $114,000. Evergreen Capital Management LLC acquired a new position in shares of AES during the first quarter worth about $117,000. Lakeview Capital Partners LLC acquired a new position in shares of AES during the first quarter worth about $124,000. Trilogy Capital Inc. acquired a new position in shares of AES during the fourth quarter worth about $135,000. Finally, Beacon Investment Advisory Services Inc. acquired a new position in shares of AES during the fourth quarter worth about $142,000. 92.96% of the stock is owned by institutional investors and hedge funds.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date was Monday, April 30th. AES’s dividend payout ratio is presently 48.15%.

About AES

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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Earnings History and Estimates for AES (NYSE:AES)

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