Brookfield Renewable Partners L.P. (NYSE:BEP) Expected to Post Quarterly Sales of $730.54 Million

Equities analysts predict that Brookfield Renewable Partners L.P. (NYSE:BEP – Get Rating) (TSE:BEP) will post sales of $730.54 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Brookfield Renewable Partners’ earnings. The highest sales estimate is $757.87 million and the lowest is $692.48 million. Brookfield Renewable Partners posted sales of $1.02 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 28.4%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Brookfield Renewable Partners will report full year sales of $2.67 billion for the current year, with estimates ranging from $2.27 billion to $3.03 billion. For the next year, analysts anticipate that the company will post sales of $2.81 billion, with estimates ranging from $2.34 billion to $3.30 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Brookfield Renewable Partners.

Brookfield Renewable Partners (NYSE:BEP – Get Rating) (TSE:BEP) last released its quarterly earnings results on Friday, February 4th. The utilities provider reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the firm earned ($0.22) EPS.

BEP has been the topic of a number of analyst reports. National Bankshares lifted their price target on Brookfield Renewable Partners from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Tuesday, April 19th. Industrial Alliance Securities lowered Brookfield Renewable Partners from a “buy” rating to a “hold” rating in a research note on Friday, March 25th. TD Securities downgraded Brookfield Renewable Partners from a “buy” rating to a “hold” rating and set a $41.00 target price on the stock. in a research report on Monday, April 4th. StockNews.com assumed coverage on Brookfield Renewable Partners in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, CIBC upgraded Brookfield Renewable Partners from a “neutral” rating to a “sector outperform” rating and cut their price objective for the stock from $42.00 to $40.00 in a report on Tuesday, January 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Brookfield Renewable Partners currently has a consensus rating of “Buy” and an average target price of $42.38.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. 1832 Asset Management L.P. grew its holdings in shares of Brookfield Renewable Partners by 23.7% during the fourth quarter. 1832 Asset Management L.P. now owns 6,325,282 shares of the utilities provider’s stock valued at $224,076,000 after buying an additional 1,211,969 shares in the last quarter. Select Equity Group L.P. grew its stake in Brookfield Renewable Partners by 1,466.1% in the fourth quarter. Select Equity Group L.P. now owns 1,134,275 shares of the utilities provider’s stock valued at $40,596,000 after purchasing an additional 1,061,850 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Brookfield Renewable Partners by 41.1% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,498,260 shares of the utilities provider’s stock valued at $125,402,000 after purchasing an additional 1,018,289 shares in the last quarter. National Bank of Canada FI purchased a new position in Brookfield Renewable Partners in the fourth quarter valued at about $34,984,000. Finally, CCLA Investment Management Ltd purchased a new position in Brookfield Renewable Partners in the fourth quarter valued at about $34,829,000. Institutional investors and hedge funds own 55.98% of the company’s stock.

NYSE:BEP opened at $35.04 on Friday. The firm has a market cap of $9.64 billion, a P/E ratio of -50.06 and a beta of 0.73. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.85. The stock’s 50 day simple moving average is $38.49 and its 200-day simple moving average is $36.45. Brookfield Renewable Partners has a 12-month low of $30.93 and a 12-month high of $41.95.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Tuesday, May 31st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Friday, May 27th. Brookfield Renewable Partners’s dividend payout ratio is presently -182.86%.

Brookfield Renewable Partners Company Profile (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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