Atlantica Yield PLC (NASDAQ:AY) announced a quarterly dividend on Tuesday, February 27th, NASDAQ reports. Stockholders of record on Monday, March 19th will be given a dividend of 0.31 per share by the utilities provider on Tuesday, March 27th. This represents a $1.24 annualized dividend and a dividend yield of 6.36%. The ex-dividend date is Friday, March 16th. This is a positive change from Atlantica Yield’s previous quarterly dividend of $0.29.
AY stock traded down $0.09 during trading hours on Monday, hitting $19.49. 184,245 shares of the stock were exchanged, compared to its average volume of 406,952. The company has a debt-to-equity ratio of 3.06, a current ratio of 2.28 and a quick ratio of 2.25. The stock has a market capitalization of $1,962.25, a price-to-earnings ratio of -108.78 and a beta of 0.99. Atlantica Yield has a 12 month low of $18.00 and a 12 month high of $25.99.
Atlantica Yield (NASDAQ:AY) last issued its quarterly earnings results on Wednesday, March 7th. The utilities provider reported ($0.60) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.41). Atlantica Yield had a negative return on equity of 0.88% and a negative net margin of 11.09%. The company had revenue of $233.20 million during the quarter. research analysts expect that Atlantica Yield will post 0.59 EPS for the current year.
A number of brokerages have recently commented on AY. BidaskClub raised Atlantica Yield from a “sell” rating to a “hold” rating in a research note on Saturday, March 24th. Zacks Investment Research raised Atlantica Yield from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. Finally, Guggenheim set a $27.00 price objective on Atlantica Yield and gave the stock a “buy” rating in a research note on Thursday, January 18th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Atlantica Yield has a consensus rating of “Hold” and a consensus price target of $24.60.
Atlantica Yield Company Profile
Atlantica Yield plc, formerly Abengoa Yield plc, is a total return company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets, focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil and Uruguay) and Europe, Middle East and Africa (Spain, Algeria and South Africa).
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