Brookfield Renewable Partners (BEP) Expected to Announce Earnings on Friday

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) is projected to issue its quarterly earnings data before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of ($0.22) per share and revenue of $1.45 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last announced its earnings results 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 net margin of 1.16% and a return on equity of 0.24%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $843.18 million. During the same period in the prior year, the company 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 Stock Performance

Shares of NYSE:BEP opened at $20.63 on Thursday. 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 12 month low of $19.92 and a 12 month high of $29.56. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of -25.16 and a beta of 0.95. The firm’s 50-day moving average is $23.28 and its 200 day moving average is $24.81.

Brookfield Renewable Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were paid a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 6.88%. The ex-dividend date was Friday, November 29th. Brookfield Renewable Partners’s dividend payout ratio is presently -173.17%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com lowered shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research note on Thursday, December 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $31.00 price objective on shares of Brookfield Renewable Partners in a research report on Wednesday, October 9th. Scotiabank decreased their target price on shares of Brookfield Renewable Partners from $32.00 to $28.00 and set a “sector outperform” rating for the company in a research report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target on shares of Brookfield Renewable Partners from $30.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, CIBC increased their price objective on Brookfield Renewable Partners from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.78.

Brookfield Renewable Partners Company Profile

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.