The AES Corporation (AES) Updates FY17 Earnings Guidance

The AES Corporation (NYSE:AES) updated its FY17 earnings guidance on Monday. The company provided EPS guidance of $1.00-1.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.05.

Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of The AES Corporation from a hold rating to a buy rating in a research report on Monday, October 2nd. SunTrust Banks, Inc. restated a buy rating and set a $15.00 price objective on shares of The AES Corporation in a research report on Wednesday, September 13th. Zacks Investment Research cut shares of The AES Corporation from a buy rating to a sell rating in a research report on Monday, September 11th. Royal Bank Of Canada restated a hold rating and set a $12.00 price objective on shares of The AES Corporation in a research report on Monday, September 11th. Finally, Morgan Stanley restated an equal weight rating on shares of The AES Corporation in a research report on Friday, September 8th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $13.00.

Shares of The AES Corporation (NYSE:AES) opened at 11.25 on Wednesday. The company’s 50-day moving average is $11.21 and its 200 day moving average is $11.31. The firm’s market capitalization is $7.43 billion. The AES Corporation has a 52-week low of $10.60 and a 52-week high of $12.48.

The AES Corporation (NYSE:AES) last posted its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. The AES Corporation had a negative net margin of 5.30% and a positive return on equity of 15.86%. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the prior year, the company posted $0.17 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts expect that The AES Corporation will post $1.05 earnings per share for the current fiscal year.

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Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of The AES Corporation from a hold rating to a buy rating in a research report on Monday, October 2nd. SunTrust Banks, Inc. restated a buy rating and set a $15.00 price objective on shares of The AES Corporation in a research report on Wednesday, September 13th. Zacks Investment Research cut shares of The AES Corporation from a buy rating to a sell rating in a research report on Monday, September 11th. Royal Bank Of Canada restated a hold rating and set a $12.00 price objective on shares of The AES Corporation in a research report on Monday, September 11th. Finally, Morgan Stanley restated an equal weight rating on shares of The AES Corporation in a research report on Friday, September 8th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $13.00.

Shares of The AES Corporation (NYSE:AES) opened at 11.25 on Wednesday. The company’s 50-day moving average is $11.21 and its 200 day moving average is $11.31. The firm’s market capitalization is $7.43 billion. The AES Corporation has a 52-week low of $10.60 and a 52-week high of $12.48.

The AES Corporation (NYSE:AES) last posted its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. The AES Corporation had a negative net margin of 5.30% and a positive return on equity of 15.86%. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the prior year, the company posted $0.17 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts expect that The AES Corporation will post $1.05 earnings per share for the current fiscal year.

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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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