Brookfield Renewable Partners (NYSE:BEP) Releases Quarterly Earnings Results, Misses Expectations By $0.28 EPS

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) issued its quarterly earnings data on Friday. The utilities provider reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.28), Zacks reports. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $843.18 million. Brookfield Renewable Partners had a return on equity of 0.46% and a net margin of 2.37%. During the same quarter last year, the business earned ($0.14) earnings per share.

Brookfield Renewable Partners Price Performance

Shares of NYSE BEP traded down $0.52 during mid-day trading on Monday, hitting $25.90. 304,894 shares of the stock traded hands, compared to its average volume of 478,132. Brookfield Renewable Partners has a twelve month low of $19.92 and a twelve month high of $29.56. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.91. The firm has a 50 day simple moving average of $26.52 and a two-hundred day simple moving average of $25.84.

Brookfield Renewable Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.355 per share. The ex-dividend date is Friday, November 29th. This represents a $1.42 annualized dividend and a dividend yield of 5.48%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is presently -173.17%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $31.00 target price on shares of Brookfield Renewable Partners in a research report on Wednesday, October 9th. National Bankshares lifted their price objective on Brookfield Renewable Partners from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Friday, July 19th. UBS Group raised Brookfield Renewable Partners from a “neutral” rating to a “buy” rating and increased their target price for the stock from $24.00 to $31.00 in a report on Monday, September 30th. StockNews.com downgraded Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Finally, CIBC increased their price objective on shares of Brookfield Renewable Partners from $33.00 to $34.00 and gave the stock an “outperformer” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Brookfield Renewable Partners presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.78.

About Brookfield Renewable Partners

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation.