$0.01 EPS Expected for Altus Power, Inc. (NYSE:AMPS) This Quarter

Analysts forecast that Altus Power, Inc. (NYSE:AMPSGet Rating) will announce $0.01 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Altus Power’s earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.01. The firm is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Altus Power will report full year earnings of $0.05 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will report earnings of $0.10 per share, with EPS estimates ranging from $0.08 to $0.11. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Altus Power.

Altus Power (NYSE:AMPSGet Rating) last issued its quarterly earnings results on Thursday, March 24th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04). The company had revenue of $21.58 million during the quarter, compared to analysts’ expectations of $18.90 million.

AMPS has been the subject of several recent research reports. Zacks Investment Research cut Altus Power from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley initiated coverage on Altus Power in a research report on Thursday, April 7th. They set an “equal weight” rating and a $10.50 price target for the company.

NYSE AMPS traded up $0.10 during trading hours on Friday, hitting $7.26. 245,122 shares of the company traded hands, compared to its average volume of 429,162. The stock has a 50-day simple moving average of $6.57. Altus Power has a twelve month low of $4.26 and a twelve month high of $11.35. The company has a debt-to-equity ratio of 1.35, a quick ratio of 10.67 and a current ratio of 10.67.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in Altus Power during the 1st quarter worth approximately $39,000. Royal Bank of Canada acquired a new stake in Altus Power during the 1st quarter worth approximately $46,000. Penserra Capital Management LLC acquired a new stake in Altus Power during the 4th quarter worth approximately $92,000. Citigroup Inc. acquired a new stake in Altus Power during the 1st quarter worth approximately $67,000. Finally, Inverness Counsel LLC NY acquired a new stake in Altus Power during the 4th quarter worth approximately $105,000. 89.11% of the stock is owned by institutional investors.

Altus Power Company Profile (Get Rating)

Altus Power, Inc operates as a clean electrification company in the United States. It is involved in the on-site solar generation for commercial, industrial, and public customers; community solar; energy storage; and electric vehicle charging businesses. The company was founded in 2009 and is based in Stamford, Connecticut.

Recommended Stories

Get a free copy of the Zacks research report on Altus Power (AMPS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Altus Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altus Power and related companies with MarketBeat.com's FREE daily email newsletter.