Atlantica Sustainable Infrastructure (AY) Scheduled to Post Quarterly Earnings on Wednesday

Atlantica Sustainable Infrastructure (NASDAQ:AY) will issue its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Atlantica Sustainable Infrastructure (NASDAQ:AY) last posted its quarterly earnings data on Friday, March 1st. The utilities provider reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.25. The company had revenue of $241.31 million during the quarter, compared to analysts’ expectations of $243.81 million. Atlantica Sustainable Infrastructure had a return on equity of 2.91% and a net margin of 4.43%. During the same quarter in the prior year, the business earned $0.03 earnings per share. On average, analysts expect Atlantica Sustainable Infrastructure to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Atlantica Sustainable Infrastructure Trading Up 1.7 %

Shares of NASDAQ:AY traded up $0.36 during trading on Monday, hitting $21.77. The company had a trading volume of 658,814 shares, compared to its average volume of 1,100,032. The company has a fifty day simple moving average of $18.45 and a two-hundred day simple moving average of $19.11. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 50.98, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. Atlantica Sustainable Infrastructure has a one year low of $16.35 and a one year high of $26.95. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.62 and a quick ratio of 1.57.

Atlantica Sustainable Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 12th were paid a dividend of $0.445 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $1.78 annualized dividend and a yield of 8.18%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is 423.82%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AY. Bank of America reduced their target price on shares of Atlantica Sustainable Infrastructure from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, March 26th. Royal Bank of Canada cut their target price on Atlantica Sustainable Infrastructure from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Monday, March 4th. StockNews.com lowered Atlantica Sustainable Infrastructure from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. BMO Capital Markets reduced their target price on Atlantica Sustainable Infrastructure from $24.00 to $20.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 5th. Finally, UBS Group upgraded Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and lifted their target price for the company from $19.00 to $25.00 in a research report on Friday, March 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Atlantica Sustainable Infrastructure has an average rating of “Hold” and a consensus price target of $23.67.

About Atlantica Sustainable Infrastructure

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in North America, South America, Europe, the Middle East, and Africa. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020.