Brokerages predict that Atlantica Yield PLC (NASDAQ:AY) will announce earnings of ($0.19) per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Atlantica Yield’s earnings. Atlantica Yield posted earnings per share of ($0.15) in the same quarter last year, which suggests a negative year over year growth rate of 26.7%. The business is expected to announce its next quarterly earnings results on Monday, February 26th.
On average, analysts expect that Atlantica Yield will report full-year earnings of $0.24 per share for the current financial year. For the next fiscal year, analysts anticipate that the company will post earnings of $0.70 per share, with EPS estimates ranging from $0.42 to $0.98. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Atlantica Yield.
AY has been the subject of a number of recent analyst reports. Bank of America reaffirmed a “buy” rating and set a $24.00 price target on shares of Atlantica Yield in a report on Tuesday, October 24th. Royal Bank of Canada reaffirmed a “buy” rating and set a $23.00 price target on shares of Atlantica Yield in a report on Monday, October 30th. Zacks Investment Research downgraded shares of Atlantica Yield from a “hold” rating to a “sell” rating in a report on Monday, December 25th. Guggenheim set a $27.00 price objective on shares of Atlantica Yield and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, BidaskClub upgraded shares of Atlantica Yield from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $24.60.
Shares of Atlantica Yield (AY) opened at $20.04 on Wednesday. Atlantica Yield has a twelve month low of $19.30 and a twelve month high of $25.99. The company has a current ratio of 2.23, a quick ratio of 2.20 and a debt-to-equity ratio of 2.90. The firm has a market cap of $2,030.00, a P/E ratio of 71.57, a PEG ratio of 0.98 and a beta of 1.03.
Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP increased its position in Atlantica Yield by 532.0% during the 3rd quarter. Quantbot Technologies LP now owns 6,914 shares of the utilities provider’s stock worth $136,000 after purchasing an additional 5,820 shares in the last quarter. Bronfman E.L. Rothschild L.P. acquired a new position in Atlantica Yield during the 4th quarter worth approximately $166,000. Legal & General Group Plc increased its position in Atlantica Yield by 73.2% during the 3rd quarter. Legal & General Group Plc now owns 8,994 shares of the utilities provider’s stock worth $177,000 after purchasing an additional 3,800 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Atlantica Yield during the 4th quarter worth approximately $204,000. Finally, Advisory Services Network LLC acquired a new position in Atlantica Yield during the 4th quarter worth approximately $221,000. Institutional investors and hedge funds own 51.93% of the company’s stock.
About Atlantica Yield
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Atlantica Yield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantica Yield and related companies with MarketBeat.com's FREE daily email newsletter.