Brookfield Renewable (NYSE:BEPC) Announces Earnings Results

by · The Cerbat Gem

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

Brookfield Renewable Stock Down 2.3 %

BEPC traded down $0.73 during trading on Monday, hitting $30.59. 664,404 shares of the company’s stock traded hands, compared to its average volume of 965,569. Brookfield Renewable has a 12-month low of $21.35 and a 12-month high of $35.14. The company’s 50 day simple moving average is $31.00 and its two-hundred day simple moving average is $29.88. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of -37.30 and a beta of 1.20.

Brookfield Renewable Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a $0.355 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.42 annualized dividend and a dividend yield of 4.64%. Brookfield Renewable’s dividend payout ratio is presently -173.17%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their price objective on Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th.

Read Our Latest Report on Brookfield Renewable

Brookfield Renewable Company Profile

(Get Free Report)

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.

Read More