Brookfield Renewable (NYSE:BEPC) Announces Quarterly Earnings Results

Brookfield Renewable (NYSE:BEPC) announced its quarterly earnings results on Friday. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.04), Zacks reports. Brookfield Renewable had a net margin of 2.37% and a return on equity of 0.79%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the business earned ($0.14) earnings per share.

Brookfield Renewable Trading Down 2.3 %

NYSE:BEPC traded down $0.73 during trading hours on Monday, reaching $30.59. The company’s stock had a trading volume of 664,404 shares, compared to its average volume of 965,569. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of -37.30 and a beta of 1.20. The firm has a 50-day simple moving average of $31.00 and a 200-day simple moving average of $29.88. Brookfield Renewable has a 1 year low of $21.35 and a 1 year high of $35.14. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.40 and a current ratio of 0.40.

Brookfield Renewable Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Renewable’s dividend payout ratio (DPR) is currently -173.17%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their price target on shares of Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, October 17th.

Brookfield Renewable Company Profile

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.