-$0.02 Earnings Per Share Expected for Brookfield Renewable Partners L.P. (NYSE:BEP) This Quarter

Brokerages forecast that Brookfield Renewable Partners L.P. (NYSE:BEPGet Rating) (TSE:BEP) will post ($0.02) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Brookfield Renewable Partners’ earnings, with the lowest EPS estimate coming in at ($0.18) and the highest estimate coming in at $0.13. Brookfield Renewable Partners reported earnings of ($0.24) per share during the same quarter last year, which would suggest a positive year over year growth rate of 91.7%. The business is expected to announce its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Brookfield Renewable Partners will report full-year earnings of $0.11 per share for the current fiscal year, with EPS estimates ranging from ($0.19) to $0.59. For the next year, analysts expect that the business will report earnings of $0.18 per share, with EPS estimates ranging from ($0.13) to $0.71. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Brookfield Renewable Partners.

Brookfield Renewable Partners (NYSE:BEPGet Rating) (TSE:BEP) last released its quarterly earnings data on Friday, February 4th. The utilities provider reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.07). The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Brookfield Renewable Partners had a negative return on equity of 1.14% and a negative net margin of 5.84%. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.22) EPS.

A number of research analysts have recently weighed in on BEP shares. BMO Capital Markets raised their price target on Brookfield Renewable Partners from $38.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, April 1st. CIBC upgraded Brookfield Renewable Partners from a “neutral” rating to a “sector outperform” rating and dropped their price target for the company from $42.00 to $40.00 in a research report on Tuesday, January 11th. StockNews.com started coverage on Brookfield Renewable Partners in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Scotiabank upgraded Brookfield Renewable Partners from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, January 7th. Finally, Zacks Investment Research raised Brookfield Renewable Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, April 11th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Brookfield Renewable Partners has a consensus rating of “Buy” and a consensus target price of $42.35.

NYSE:BEP opened at $37.92 on Friday. The stock has a fifty day moving average price of $37.96 and a two-hundred day moving average price of $36.58. The stock has a market capitalization of $10.43 billion, a price-to-earnings ratio of -54.17 and a beta of 0.65. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.89 and a current ratio of 0.89. Brookfield Renewable Partners has a 1 year low of $30.93 and a 1 year high of $43.52.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Monday, February 28th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.38%. This is an increase from Brookfield Renewable Partners’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 25th. Brookfield Renewable Partners’s dividend payout ratio (DPR) is -182.86%.

Several institutional investors have recently added to or reduced their stakes in BEP. First Trust Advisors LP grew its position in shares of Brookfield Renewable Partners by 4.6% in the 1st quarter. First Trust Advisors LP now owns 134,218 shares of the utilities provider’s stock worth $4,288,000 after acquiring an additional 5,910 shares in the last quarter. Morgan Stanley grew its position in shares of Brookfield Renewable Partners by 44.1% in the 2nd quarter. Morgan Stanley now owns 583,684 shares of the utilities provider’s stock worth $22,513,000 after acquiring an additional 178,751 shares in the last quarter. Dividend Assets Capital LLC grew its position in shares of Brookfield Renewable Partners by 1.7% in the 3rd quarter. Dividend Assets Capital LLC now owns 28,256 shares of the utilities provider’s stock worth $1,043,000 after acquiring an additional 468 shares in the last quarter. Ausdal Financial Partners Inc. grew its position in shares of Brookfield Renewable Partners by 8.4% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 5,872 shares of the utilities provider’s stock worth $217,000 after acquiring an additional 453 shares in the last quarter. Finally, AE Wealth Management LLC grew its position in shares of Brookfield Renewable Partners by 4.5% in the 3rd quarter. AE Wealth Management LLC now owns 42,205 shares of the utilities provider’s stock worth $1,558,000 after acquiring an additional 1,833 shares in the last quarter. Institutional investors own 55.44% of the company’s stock.

About Brookfield Renewable Partners (Get Rating)

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources.

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