Brokerages expect Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) to post $0.35 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Hannon Armstrong Sustnbl Infrstr Cap’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.37. Hannon Armstrong Sustnbl Infrstr Cap posted earnings of $0.36 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.8%. The company is expected to announce its next earnings results on Thursday, November 7th.
On average, analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will report full-year earnings of $1.37 per share for the current financial year, with EPS estimates ranging from $1.33 to $1.40. For the next year, analysts forecast that the company will report earnings of $1.44 per share, with EPS estimates ranging from $1.41 to $1.47. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Hannon Armstrong Sustnbl Infrstr Cap.
Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.04). Hannon Armstrong Sustnbl Infrstr Cap had a net margin of 37.56% and a return on equity of 8.75%. The company had revenue of $16.40 million during the quarter, compared to the consensus estimate of $16.55 million.
Separately, Zacks Investment Research cut Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $26.75.
In other Hannon Armstrong Sustnbl Infrstr Cap news, EVP Steven Chuslo sold 11,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $27.27, for a total transaction of $299,970.00. Following the transaction, the executive vice president now directly owns 303,404 shares in the company, valued at approximately $8,273,827.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey Eckel purchased 1,891 shares of the business’s stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $26.99 per share, for a total transaction of $51,038.09. Following the completion of the acquisition, the insider now directly owns 641,452 shares in the company, valued at approximately $17,312,789.48. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Manchester Capital Management LLC bought a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap during the 1st quarter worth approximately $25,000. Point72 Asset Management L.P. bought a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the 2nd quarter worth $28,000. Glassman Wealth Services lifted its holdings in shares of Hannon Armstrong Sustnbl Infrstr Cap by 129.9% in the 1st quarter. Glassman Wealth Services now owns 1,129 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 638 shares in the last quarter. Advisory Alpha LLC bought a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the 1st quarter worth $37,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Hannon Armstrong Sustnbl Infrstr Cap by 4,566.7% in the 2nd quarter. Versant Capital Management Inc now owns 2,800 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 2,740 shares in the last quarter. Hedge funds and other institutional investors own 71.56% of the company’s stock.
Shares of HASI stock opened at $28.22 on Tuesday. The business’s 50 day simple moving average is $27.54 and its 200 day simple moving average is $26.57. Hannon Armstrong Sustnbl Infrstr Cap has a one year low of $18.83 and a one year high of $28.67. The stock has a market capitalization of $1.84 billion, a PE ratio of 24.15, a PEG ratio of 11.22 and a beta of 1.02. The company has a debt-to-equity ratio of 1.24, a current ratio of 23.23 and a quick ratio of 23.23.
Hannon Armstrong Sustnbl Infrstr Cap Company Profile
Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include energy efficiency projects that reduce a building's or facility's energy usage or cost through the use of solar generation, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.
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