Brookfield Renewable (NYSE:BEPC) Announces Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Brookfield Renewable (NYSE:BEPC) issued its quarterly earnings data on Friday. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.27, Zacks reports. Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%.

Brookfield Renewable Stock Performance

BEPC stock traded up $1.68 during trading hours on Friday, reaching $27.19. The stock had a trading volume of 823,002 shares, compared to its average volume of 1,175,296. The stock has a 50-day simple moving average of $28.32 and a 200 day simple moving average of $29.37. Brookfield Renewable has a fifty-two week low of $21.35 and a fifty-two week high of $35.14. The stock has a market capitalization of $3.94 billion, a PE ratio of -33.16 and a beta of 1.23. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.51 and a quick ratio of 0.51.

Brookfield Renewable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a dividend of $0.355 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a yield of 5.22%. Brookfield Renewable’s payout ratio is -173.17%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their target price on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd.

About Brookfield Renewable

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.