LONDON, UK / ACCESSWIRE / April 10, 2018 / Active-Investors.com has just released a free earnings report on The AES Corp. (NYSE: AES) ('AES'). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=AES. The Company posted its financial results on February 27, 2018, for the fourth quarter fiscal 2017 (Q4 FY17) and for the full fiscal year 2017 (FY17). The Company's adjusted earnings per share (EPS) grew on a y-o-y basis to beat market forecasts. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, The AES most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
www.active-investors.com/registration-sg/'symbol=AES
Earnings Highlights and Summary
For the quarter ended December 31, 2017, AES reported total revenues of $2.64 billion, which came in below the $2.66 billion recorded at the end of Q4 FY16. The Company's total revenue numbers for the reported quarter also missed market consensus estimates of $3.52 billion. The Company's regulated revenues fell to $660 million during Q4 FY17 from $816 million in the year ago same quarter. Meanwhile, the Company's non-regulated revenues grew to $1.98 billion in Q4 FY17 from $1.84 billion in Q4 FY16.
The power Company reported a net loss attributable to common shareholders of $1.34 billion, or $2.03 loss per diluted share, in Q4 FY17 compared to a net loss of $949 million, or $0.68 loss per diluted share, in Q4 FY16. The Company's adjusted earnings came in at $347 million, or $0.43 per diluted share, in Q4 FY17, up from $225 million, or $0.30 per diluted share, in Q4 FY16. Meanwhile, market analysts had forecasted the Company to report adjusted earnings of $0.32 per diluted share for Q4 FY17.
The Arlington, Virginia-based Company reported total revenues of $10.53 billion in FY17 compared to $10.28 billion in FY16. The Company posted a net loss attributable to common shareholders of $1.16 billion, or $1.76 loss per diluted share, during FY17 versus a net loss of $1.13 billion, or $1.72 loss per diluted share, in FY16. Furthermore, the Company's adjusted earnings came in at $1.02 billion, or $1.08 per diluted share, in FY17 compared to $850 million, or $0.94 per diluted share, in FY16.
During Q4 FY17, the Company's total cost of sales was $2.00 billion compared to $2.03 billion in Q4 FY16. The Company's operating margin was $643 million in Q4 FY17 versus $632 million in the previous year's corresponding quarter. AES's general and administrative (G&A) expenses were $60 million during Q4 FY17 compared to $59 million in Q4 FY16. The Company's interest expenses rose to $310 million during the reported quarter from $283 million in Q4 FY16. Meanwhile, the Company reported an income from continuing operations before taxes and equity in earnings of affiliates of $84 million in Q4 FY17 versus a loss from continuing operations before taxes and equity in earnings of affiliates of $302 million in Q4 FY16.
Strategic Business Unit (SBU) Revenues
During Q4 FY17, US SBU reported revenues of $784 million compared to $847 million in Q4 FY16. The Andes SBU revenues grew to $731 million in Q4 FY17 from $642 million in Q4 FY16. Brazil SBU revenues came in at $144 million in Q4 FY17, up from $111 million in Q4 FY16. MCAC SBU revenues stood at $597 million in the reported quarter versus $576 million in the prior year's corresponding quarter. However, Eurasia SBU revenues fell to $386 million in Q4 FY17 from $421 million in Q4 FY16.
Cash Flow and Balance Sheet
During Q4 FY17, AES' net cash provided by operating activities was $800 million compared to $702 million in Q4 FY16. The Company's free cash flow was $668 million in Q4 FY17 compared to $535 million in Q4 FY16.
At the close of books in the reported quarter, AES had $949 million in cash and cash equivalents compared to $1.24 billion at the close of books as on December 31, 2016. Additionally, the Company reported a recourse debt balance amounting to $4.63 billion in its books of accounts as on December 31, 2017, up from $4.67 billion as on December 31, 2016.
Outlook
In its outlook for the full year FY18, the Company expects adjusted EPS to be in the range of $1.15 to $1.25. Furthermore, the Company expects parent free cash flow of $600 million to $675 million for FY18.
Stock Performance Snapshot
April 09, 2018 - At Monday's closing bell, The AES' stock was marginally down 0.26%, ending the trading session at $11.39.
Volume traded for the day: 6.09 million shares.
Stock performance in the last month - up 5.07%; previous three-month period - up 4.78%; past twelve-month period - up 2.06%; and year-to-date - up 5.17%
After yesterday's close, The AES' market cap was at $7.58 billion.
The stock has a dividend yield of 4.57%.
The stock is part of the Utilities sector, categorized under the Electric Utilities industry. This sector was up 0.1% at the end of the session.
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