AES Reaffirms FY20 Adj. EPS Outlook - Quick Facts

(RTTNews) - While reporting financial results for the third quarter on Thursday, power company AES Corp. (AES) reaffirmed its adjusted earnings guidance for the full-year 2020.

For fiscal 2020, the company now continues to project adjusted earnings in a range of $1.32 to $1.42 per share and now expecting to be at the top end of this range.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.37 per share for the year. Analysts' estimates typically exclude special items.

The company also reaffirmed the 7 to 9 percent average annual growth target for adjusted earnings through 2022, off a base of 2018 actuals.

Further, the company said it remain committed to growing dividend by 4 to 6 percent annually, subject to Board approval.