$0.39 Earnings Per Share Expected for NRG Yield, Inc. (NYLD) This Quarter
Wall Street analysts expect NRG Yield, Inc. (NYSE:NYLD) to post $0.39 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for NRG Yield’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.30. NRG Yield reported earnings of $0.30 per share during the same quarter last year, which would suggest a positive year over year growth rate of 30%. The business is scheduled to issue its next earnings results on Friday, November 3rd.
On average, analysts expect that NRG Yield will report full year earnings of $0.87 per share for the current financial year, with EPS estimates ranging from $0.70 to $1.06. For the next financial year, analysts forecast that the firm will report earnings of $0.99 per share, with EPS estimates ranging from $0.91 to $1.18. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow NRG Yield.
NRG Yield (NYSE:NYLD) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $284 million for the quarter, compared to analyst estimates of $297.66 million. NRG Yield had a return on equity of 1.89% and a net margin of 4.47%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share.
NYLD has been the topic of several recent analyst reports. BidaskClub raised NRG Yield from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Williams Capital reissued a “buy” rating on shares of NRG Yield in a research note on Thursday, June 1st. Royal Bank Of Canada reissued a “hold” rating and issued a $17.00 price objective on shares of NRG Yield in a research note on Monday, July 31st. Zacks Investment Research lowered NRG Yield from a “hold” rating to a “strong sell” rating in a research note on Friday, June 9th. Finally, Deutsche Bank AG lowered NRG Yield from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $19.00 to $18.00 in a research note on Tuesday, July 18th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. NRG Yield presently has an average rating of “Buy” and a consensus price target of $20.00.
A number of institutional investors have recently bought and sold shares of the business. Beach Investment Management LLC. boosted its stake in NRG Yield by 1,025.8% in the second quarter. Beach Investment Management LLC. now owns 1,373,543 shares of the utilities provider’s stock worth $24,174,000 after purchasing an additional 1,251,533 shares in the last quarter. Rare Infrastructure Ltd boosted its stake in NRG Yield by 20.0% in the second quarter. Rare Infrastructure Ltd now owns 891,333 shares of the utilities provider’s stock worth $15,688,000 after purchasing an additional 148,338 shares in the last quarter. GCA Investment Management LLC boosted its stake in NRG Yield by 25.3% in the second quarter. GCA Investment Management LLC now owns 784,524 shares of the utilities provider’s stock worth $13,808,000 after purchasing an additional 158,200 shares in the last quarter. Capital Advisors Inc. OK boosted its stake in NRG Yield by 2.5% in the second quarter. Capital Advisors Inc. OK now owns 673,226 shares of the utilities provider’s stock worth $11,849,000 after purchasing an additional 16,665 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in NRG Yield by 16.8% in the second quarter. Evergreen Capital Management LLC now owns 635,870 shares of the utilities provider’s stock worth $11,191,000 after purchasing an additional 91,365 shares in the last quarter. 28.28% of the stock is currently owned by institutional investors.
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Shares of NRG Yield (NYLD) traded up 1.66% on Friday, hitting $18.40. The stock had a trading volume of 344,696 shares. The firm has a 50 day moving average price of $18.55 and a 200-day moving average price of $17.71. NRG Yield has a 52 week low of $13.98 and a 52 week high of $19.10. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 40.09 and a beta of 2.56.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.28 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.12 dividend on an annualized basis and a yield of 6.09%. This is a positive change from NRG Yield’s previous quarterly dividend of $0.27. NRG Yield’s payout ratio is currently 248.89%.
About NRG Yield
NRG Yield, Inc serves as the primary vehicle, through which NRG Energy, Inc owns, operates and acquires contracted renewable and conventional generation and thermal infrastructure assets. It owns a diversified portfolio of contracted renewable and conventional generation and thermal infrastructure assets in the United States.
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