New Fortress Energy (NFE) Set to Announce Quarterly Earnings on Wednesday

New Fortress Energy (NASDAQ:NFE) will be announcing its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.85 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

New Fortress Energy (NASDAQ:NFE) last posted its earnings results on Thursday, February 29th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. The firm had revenue of $758.60 million during the quarter, compared to analysts’ expectations of $647.54 million. New Fortress Energy had a net margin of 22.70% and a return on equity of 36.16%. The business’s revenue was up 38.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 EPS. On average, analysts expect New Fortress Energy to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

New Fortress Energy Stock Up 3.1 %

NFE stock opened at $26.66 on Monday. The firm’s fifty day moving average is $29.93 and its 200 day moving average is $32.95. The firm has a market cap of $5.47 billion, a PE ratio of 10.06 and a beta of 1.56. New Fortress Energy has a one year low of $25.06 and a one year high of $40.04. The company has a debt-to-equity ratio of 3.66, a quick ratio of 0.51 and a current ratio of 0.57.

New Fortress Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 15th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.50%. New Fortress Energy’s dividend payout ratio is presently 15.09%.

Analysts Set New Price Targets

Several equities analysts have issued reports on NFE shares. Stifel Nicolaus decreased their price objective on shares of New Fortress Energy from $49.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $35.00 price objective (down from $40.00) on shares of New Fortress Energy in a report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, New Fortress Energy presently has a consensus rating of “Hold” and an average price target of $39.29.

New Fortress Energy Company Profile

New Fortress Energy Inc operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation.