Atlantica Sustainable Infrastructure (NASDAQ:AY) Issues Earnings Results

Atlantica Sustainable Infrastructure (NASDAQ:AY) released its quarterly earnings data on Thursday. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06), Zacks reports. Atlantica Sustainable Infrastructure had a return on equity of 2.50% and a net margin of 3.59%. The firm had revenue of $328.26 million during the quarter, compared to the consensus estimate of $315.07 million.

Atlantica Sustainable Infrastructure Price Performance

AY stock traded up $0.01 during mid-day trading on Friday, reaching $22.15. 783,144 shares of the company’s stock were exchanged, compared to its average volume of 941,688. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 48.15, a price-to-earnings-growth ratio of 1.32 and a beta of 1.02. The stock’s 50 day moving average is $22.06 and its 200 day moving average is $20.26. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.55 and a quick ratio of 1.50. Atlantica Sustainable Infrastructure has a 12-month low of $16.35 and a 12-month high of $23.57.

Atlantica Sustainable Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 8.04%. The ex-dividend date is Friday, August 30th. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is 386.96%.

Analysts Set New Price Targets

AY has been the topic of several analyst reports. Seaport Res Ptn downgraded Atlantica Sustainable Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. BMO Capital Markets boosted their target price on Atlantica Sustainable Infrastructure from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Friday, May 10th. National Bankshares boosted their target price on Atlantica Sustainable Infrastructure from $20.00 to $22.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 28th. UBS Group downgraded Atlantica Sustainable Infrastructure from a “buy” rating to a “neutral” rating and cut their target price for the company from $25.00 to $22.00 in a research report on Thursday, May 30th. Finally, StockNews.com assumed coverage on Atlantica Sustainable Infrastructure in a research report on Friday. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Atlantica Sustainable Infrastructure has an average rating of “Hold” and a consensus target price of $22.67.

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.