Atlantica Yield PLC (ABY) Announces Earnings Results

Atlantica Yield PLC (NASDAQ:ABY) posted its quarterly earnings data on Monday. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.30), Yahoo Finance reports. Atlantica Yield PLC had a return on equity of 1.58% and a net margin of 3.15%.

Atlantica Yield PLC (ABY) opened at $23.52 on Tuesday. The company has a quick ratio of 2.27, a current ratio of 2.30 and a debt-to-equity ratio of 2.91. The firm has a market cap of $2,353.10, a PE ratio of 78.27, a P/E/G ratio of 1.03 and a beta of 1.15. Atlantica Yield PLC has a fifty-two week low of $16.76 and a fifty-two week high of $24.13.

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ABY has been the topic of a number of analyst reports. Bank of America Corporation reaffirmed a “buy” rating and set a $24.00 price objective on shares of Atlantica Yield PLC in a report on Tuesday, October 24th. Zacks Investment Research raised shares of Atlantica Yield PLC from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a report on Thursday, October 12th. BidaskClub downgraded shares of Atlantica Yield PLC from a “sell” rating to a “strong sell” rating in a report on Monday, September 18th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $23.00 price target on shares of Atlantica Yield PLC in a report on Monday, October 30th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $23.83.

About Atlantica Yield PLC

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).

Earnings History for Atlantica Yield PLC (NASDAQ:ABY)

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