New Fortress Energy (NFE) to Release Quarterly Earnings on Wednesday

New Fortress Energy (NASDAQ:NFE) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.85 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

New Fortress Energy (NASDAQ:NFE) last announced its quarterly earnings data on Thursday, February 29th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.93 by $0.08. New Fortress Energy had a net margin of 22.70% and a return on equity of 36.16%. The firm had revenue of $758.60 million during the quarter, compared to analysts’ expectations of $647.54 million. During the same quarter last year, the business earned $0.87 earnings per share. The business’s revenue for the quarter was up 38.8% compared to the same quarter last year. On average, analysts expect New Fortress Energy to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

New Fortress Energy Stock Performance

NASDAQ NFE opened at $26.66 on Monday. The business has a 50 day moving average price of $29.93 and a 200 day moving average price of $32.95. The company has a market capitalization of $5.47 billion, a P/E ratio of 10.06 and a beta of 1.56. New Fortress Energy has a 1-year low of $25.06 and a 1-year high of $40.04. The company has a debt-to-equity ratio of 3.66, a current ratio of 0.57 and a quick ratio of 0.51.

New Fortress Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 15th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.50%. New Fortress Energy’s dividend payout ratio is presently 15.09%.

Analyst Ratings Changes

A number of research firms recently issued reports on NFE. Stifel Nicolaus reduced their target price on New Fortress Energy from $49.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $35.00 price objective (down previously from $40.00) on shares of New Fortress Energy in a research report on Monday, March 4th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $39.29.

About New Fortress Energy

New Fortress Energy Inc operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation.