Atlantica Sustainable Infrastructure (AY) Set to Announce Quarterly Earnings on Monday

Atlantica Sustainable Infrastructure (NASDAQ:AYGet Rating) is scheduled to be releasing its earnings data before the market opens on Monday, May 9th. Analysts expect Atlantica Sustainable Infrastructure to post earnings of ($0.08) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Atlantica Sustainable Infrastructure (NASDAQ:AYGet Rating) last posted its earnings results on Monday, February 28th. The utilities provider reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.21). The company had revenue of $271.33 million for the quarter, compared to the consensus estimate of $274.34 million. Atlantica Sustainable Infrastructure had a negative return on equity of 1.68% and a negative net margin of 2.48%. During the same quarter last year, the business earned ($0.47) EPS. On average, analysts expect Atlantica Sustainable Infrastructure to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Atlantica Sustainable Infrastructure stock opened at $30.90 on Monday. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.38 and a current ratio of 1.42. Atlantica Sustainable Infrastructure has a one year low of $30.20 and a one year high of $41.32. The business has a 50 day simple moving average of $33.82 and a 200 day simple moving average of $35.20.

The business also recently announced a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Monday, March 14th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 5.70%. The ex-dividend date of this dividend was Friday, March 11th. This is an increase from Atlantica Sustainable Infrastructure’s previous quarterly dividend of $0.44. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is -676.92%.

Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its position in shares of Atlantica Sustainable Infrastructure by 34,100.0% during the third quarter. BNP Paribas Arbitrage SA now owns 1,368 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 1,364 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Atlantica Sustainable Infrastructure during the fourth quarter worth $343,000. Millennium Management LLC bought a new stake in shares of Atlantica Sustainable Infrastructure during the second quarter worth $448,000. Vident Investment Advisory LLC raised its position in shares of Atlantica Sustainable Infrastructure by 53.5% during the fourth quarter. Vident Investment Advisory LLC now owns 17,296 shares of the utilities provider’s stock worth $619,000 after acquiring an additional 6,030 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Atlantica Sustainable Infrastructure during the fourth quarter worth $679,000. Institutional investors own 40.05% of the company’s stock.

Several research firms recently commented on AY. Raymond James set a $43.00 target price on Atlantica Sustainable Infrastructure and gave the stock an “outperform” rating in a research report on Tuesday, March 1st. Zacks Investment Research downgraded Atlantica Sustainable Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 15th. BMO Capital Markets started coverage on Atlantica Sustainable Infrastructure in a research report on Wednesday, April 6th. They issued a “market perform” rating and a $37.00 price objective for the company. StockNews.com started coverage on Atlantica Sustainable Infrastructure in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Morgan Stanley cut their price objective on Atlantica Sustainable Infrastructure from $39.00 to $36.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Atlantica Sustainable Infrastructure has an average rating of “Hold” and an average target price of $41.11.

About Atlantica Sustainable Infrastructure (Get Rating)

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in the United States, Canada, Mexico, Peru, Chile, Colombia, Uruguay, Spain, Italy, Algeria, and South Africa. It owns 39 assets comprising 2,044 megawatts (MW) of aggregate renewable energy installed generation capacity; 343 MW of natural gas-fired power generation capacity; 55 thermal megawatts of district heating capacity; 1,229 miles of electric transmission lines; and 17.5 million cubic feet per day of water desalination assets.

Further Reading

Earnings History for Atlantica Sustainable Infrastructure (NASDAQ:AY)

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