Brookfield Renewable Partners (BEP) Projected to Post Earnings on Friday

Brookfield Renewable Partners (NYSE:BEPGet Free Report) (TSE:BEP) is projected to release its earnings data before the market opens on Friday, January 31st. Analysts expect Brookfield Renewable Partners to post earnings of ($0.22) per share and revenue of $1.45 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Brookfield Renewable Partners (NYSE:BEPGet Free Report) (TSE:BEP) last posted its quarterly earnings data on Friday, November 8th. The utilities provider reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.28). Brookfield Renewable Partners had a return on equity of 0.24% and a net margin of 1.16%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $843.18 million. During the same period in the prior year, the firm posted ($0.14) EPS. On average, analysts expect Brookfield Renewable Partners to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Brookfield Renewable Partners Trading Down 1.9 %

Shares of BEP stock opened at $20.77 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93. Brookfield Renewable Partners has a 1 year low of $19.92 and a 1 year high of $29.56. The firm’s fifty day simple moving average is $23.37 and its 200 day simple moving average is $24.85. The firm has a market capitalization of $5.92 billion, a P/E ratio of -25.33 and a beta of 0.95.

Brookfield Renewable Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date was Friday, November 29th. Brookfield Renewable Partners’s dividend payout ratio is currently -173.17%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Brookfield Renewable Partners from $30.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. CIBC upped their target price on Brookfield Renewable Partners from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. National Bankshares decreased their price target on shares of Brookfield Renewable Partners from $33.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Royal Bank of Canada restated an “outperform” rating and issued a $31.00 price objective on shares of Brookfield Renewable Partners in a research note on Wednesday, October 9th. Finally, StockNews.com lowered shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research report on Thursday, December 26th. One research analyst has rated the stock with a sell rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.78.

Read Our Latest Stock Analysis on BEP

Brookfield Renewable Partners Company Profile

(Get Free Report)

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.

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Earnings History for Brookfield Renewable Partners (NYSE:BEP)

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