Atlantica Yield (NASDAQ:AY) will be releasing its earnings data before the market opens on Wednesday, August 7th. Analysts expect Atlantica Yield to post earnings of $0.49 per share for the quarter.
Atlantica Yield (NASDAQ:AY) last released its quarterly earnings data on Friday, May 10th. The utilities provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The firm had revenue of $221.45 million during the quarter, compared to analyst estimates of $236.80 million. Atlantica Yield had a net margin of 3.60% and a return on equity of 2.08%. On average, analysts expect Atlantica Yield to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NASDAQ AY traded up $0.08 during midday trading on Wednesday, hitting $23.35. The stock had a trading volume of 4,543 shares, compared to its average volume of 295,436. The business has a fifty day moving average of $22.89. The company has a market cap of $2.32 billion, a P/E ratio of 55.60 and a beta of 0.55. The company has a quick ratio of 1.52, a current ratio of 1.55 and a debt-to-equity ratio of 3.12. Atlantica Yield has a 1-year low of $17.50 and a 1-year high of $23.58.
A number of research analysts recently commented on AY shares. Citigroup upped their price objective on Atlantica Yield from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday. ValuEngine downgraded Verso from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. Raymond James restated a “neutral” rating and set a $35.00 price objective on shares of Stantec in a research note on Monday, May 13th. BidaskClub upgraded Xilinx from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Finally, Zacks Investment Research downgraded Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $26.13.
Atlantica Yield Company Profile
Atlantica Yield plc acquires, owns, and manages renewable energy, natural gas power, electric transmission lines, and water assets in the United States, Mexico, Peru, Chile, Uruguay, Spain, Algeria, and South Africa. As of December 31, 2018, it had 24 assets, including 1,496 megawatts (MW) of renewable energy generation assets comprising solar power and wind plants; 300 MW of natural gas power generation assets that produce electricity and steam from natural gas; 1,152 miles of electric transmission lines; and water desalination plants with an aggregate capacity of 10.5 million cubic feet per day.
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