Equities Analysts Offer Predictions for Atlantica Sustainable Infrastructure plc’s Q1 2022 Earnings (NASDAQ:AY)

Atlantica Sustainable Infrastructure plc (NASDAQ:AYGet Rating) – Stock analysts at Raymond James issued their Q1 2022 earnings per share estimates for Atlantica Sustainable Infrastructure in a research note issued on Thursday, April 28th. Raymond James analyst D. Quezada expects that the utilities provider will post earnings of ($0.16) per share for the quarter. Raymond James currently has a “Outperform” rating and a $43.00 target price on the stock. Raymond James also issued estimates for Atlantica Sustainable Infrastructure’s Q3 2022 earnings at $0.29 EPS, Q4 2022 earnings at ($0.07) EPS and FY2022 earnings at $0.33 EPS.

Atlantica Sustainable Infrastructure (NASDAQ:AYGet Rating) last posted its quarterly earnings results on Monday, February 28th. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.21). The firm had revenue of $271.33 million for the quarter, compared to analyst estimates of $274.34 million. Atlantica Sustainable Infrastructure had a negative net margin of 2.48% and a negative return on equity of 1.68%. During the same period in the prior year, the company posted ($0.47) earnings per share.

Several other brokerages have also weighed in on AY. Zacks Investment Research lowered Atlantica Sustainable Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 15th. BMO Capital Markets assumed coverage on Atlantica Sustainable Infrastructure in a research report on Wednesday, April 6th. They issued a “market perform” rating and a $37.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on Atlantica Sustainable Infrastructure in a research report on Thursday, March 24th. They issued a “neutral” rating and a $40.00 target price on the stock. StockNews.com assumed coverage on Atlantica Sustainable Infrastructure in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Morgan Stanley dropped their target price on Atlantica Sustainable Infrastructure from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $41.11.

AY stock opened at $30.90 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.38 and a debt-to-equity ratio of 3.08. The firm has a market cap of $3.47 billion, a P/E ratio of -118.85 and a beta of 0.70. Atlantica Sustainable Infrastructure has a 12-month low of $30.20 and a 12-month high of $41.32. The stock’s 50 day simple moving average is $33.82 and its 200 day simple moving average is $35.20.

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

Several large investors have recently added to or reduced their stakes in the stock. Kayne Anderson Capital Advisors LP boosted its position in shares of Atlantica Sustainable Infrastructure by 1.5% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 2,991,085 shares of the utilities provider’s stock valued at $106,961,000 after purchasing an additional 45,125 shares during the period. Invesco Ltd. lifted its stake in Atlantica Sustainable Infrastructure by 0.7% in the 3rd quarter. Invesco Ltd. now owns 2,706,382 shares of the utilities provider’s stock worth $93,397,000 after acquiring an additional 19,232 shares in the last quarter. BlackRock Inc. lifted its stake in Atlantica Sustainable Infrastructure by 10.6% in the 3rd quarter. BlackRock Inc. now owns 2,299,385 shares of the utilities provider’s stock worth $79,352,000 after acquiring an additional 221,140 shares in the last quarter. FMR LLC purchased a new stake in Atlantica Sustainable Infrastructure in the 1st quarter worth about $26,976,000. Finally, Dimensional Fund Advisors LP lifted its stake in Atlantica Sustainable Infrastructure by 6.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,218,045 shares of the utilities provider’s stock worth $42,035,000 after acquiring an additional 77,789 shares in the last quarter. Institutional investors and hedge funds own 42.05% of the company’s stock.

Atlantica Sustainable Infrastructure Company Profile (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.

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Earnings History and Estimates for Atlantica Sustainable Infrastructure (NASDAQ:AY)

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