Analysts Expect Atlantica Sustainable Infrastructure plc (NASDAQ:AY) to Post $0.75 Earnings Per Share

Equities research analysts expect Atlantica Sustainable Infrastructure plc (NASDAQ:AY) to report $0.75 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Atlantica Sustainable Infrastructure’s earnings, with estimates ranging from $0.50 to $1.00. Atlantica Sustainable Infrastructure posted earnings of $0.86 per share in the same quarter last year, which would suggest a negative year over year growth rate of 12.8%. The firm is expected to announce its next earnings report on Friday, November 5th.

According to Zacks, analysts expect that Atlantica Sustainable Infrastructure will report full year earnings of $0.94 per share for the current fiscal year, with EPS estimates ranging from $0.53 to $1.53. For the next financial year, analysts anticipate that the firm will report earnings of $1.37 per share, with EPS estimates ranging from $0.87 to $1.82. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Atlantica Sustainable Infrastructure.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last posted its earnings results on Monday, August 2nd. The utilities provider reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.30). The business had revenue of $375.99 million during the quarter. Atlantica Sustainable Infrastructure had a return on equity of 1.89% and a net margin of 2.87%.

AY has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Atlantica Sustainable Infrastructure from a “buy” rating to a “hold” rating in a report on Friday, August 6th. Raymond James reaffirmed an “outperform” rating and set a $47.00 price objective on shares of Atlantica Sustainable Infrastructure in a report on Wednesday, August 4th. Tudor Pickering initiated coverage on shares of Atlantica Sustainable Infrastructure in a report on Monday, June 28th. They set a “hold” rating and a $42.00 price objective for the company. Morgan Stanley upped their price objective on shares of Atlantica Sustainable Infrastructure from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, August 19th. Finally, UBS Group initiated coverage on shares of Atlantica Sustainable Infrastructure in a report on Thursday, August 26th. They set a “neutral” rating and a $40.00 price objective for the company. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Atlantica Sustainable Infrastructure presently has a consensus rating of “Hold” and an average target price of $42.67.

AY stock traded up $0.27 during trading hours on Tuesday, hitting $37.46. The company’s stock had a trading volume of 372,924 shares, compared to its average volume of 839,678. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 3.15. The stock has a 50 day moving average price of $38.38 and a two-hundred day moving average price of $37.25. The company has a market capitalization of $4.00 billion, a PE ratio of 113.18 and a beta of 0.65. Atlantica Sustainable Infrastructure has a 12 month low of $26.31 and a 12 month high of $48.49.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 15th. Shareholders of record on Tuesday, August 31st will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Monday, August 30th. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is presently 1,433.33%.

Several hedge funds have recently made changes to their positions in AY. Quadrant Capital Group LLC acquired a new stake in Atlantica Sustainable Infrastructure in the 1st quarter valued at about $30,000. Truvestments Capital LLC acquired a new stake in Atlantica Sustainable Infrastructure in the 2nd quarter valued at about $37,000. Quantbot Technologies LP acquired a new stake in Atlantica Sustainable Infrastructure in the 1st quarter valued at about $39,000. Captrust Financial Advisors increased its position in Atlantica Sustainable Infrastructure by 38.5% in the 1st quarter. Captrust Financial Advisors now owns 1,400 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 389 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Atlantica Sustainable Infrastructure in the 2nd quarter valued at about $54,000. Institutional investors own 42.64% of the company’s stock.

About Atlantica Sustainable Infrastructure

Atlantica Sustainable Infrastructure Plc engages in the ownership, management, and acquisition of renewable energy. It specializes in the following businesses: Renewable Energy; Natural Gas; Electrical Transmission; and Water. The Renewable Energy business includes production of electricity from solar power and wind plants.

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Earnings History and Estimates for Atlantica Sustainable Infrastructure (NASDAQ:AY)

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