Brookfield Renewable (BEPC) Projected to Post Earnings on Friday

Brookfield Renewable (NYSE:BEPC) is expected to announce its earnings results before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of ($0.33) per share and revenue of $1.37 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings results on Friday, November 8th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.04). The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%. During the same quarter last year, the firm posted ($0.14) earnings per share. On average, analysts expect Brookfield Renewable to post $-1 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Brookfield Renewable Stock Performance

Shares of BEPC opened at $24.80 on Thursday. Brookfield Renewable has a 52-week low of $21.35 and a 52-week high of $35.14. The stock’s 50-day simple moving average is $28.44 and its 200 day simple moving average is $29.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of -30.25 and a beta of 1.23.

Brookfield Renewable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Renewable’s payout ratio is -173.17%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their target price on shares of Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd.

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.