Atlantica Yield (NASDAQ:AY) released its quarterly earnings data on Thursday. The utilities provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.24), Fidelity Earnings reports. Atlantica Yield had a negative return on equity of 0.40% and a negative net margin of 0.68%. The firm had revenue of $293.37 million for the quarter.
AY traded up $0.50 on Friday, reaching $24.53. The company had a trading volume of 1,002,200 shares, compared to its average volume of 389,169. The stock has a market cap of $2.41 billion, a P/E ratio of 58.40 and a beta of 0.46. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.14 and a current ratio of 1.16. The company’s fifty day moving average is $24.06 and its 200 day moving average is $22.95. Atlantica Yield has a fifty-two week low of $17.50 and a fifty-two week high of $24.75.
A number of research analysts recently commented on AY shares. Zacks Investment Research lowered shares of Atlantica Yield from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Raymond James reiterated an “outperform” rating and issued a $27.00 price target on shares of Atlantica Yield in a research note on Friday. BidaskClub lowered shares of Atlantica Yield from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. ValuEngine upgraded shares of Atlantica Yield from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Citigroup upped their price target on shares of Atlantica Yield from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $27.00.
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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