Pattern Energy Group Inc. (NASDAQ:PEGI) (TSE:PEG) is scheduled to announce its earnings results before the market opens on Thursday, November 9th. Analysts expect the company to announce earnings of $0.07 per share for the quarter.

Pattern Energy Group (NASDAQ:PEGI) (TSE:PEG) last posted its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.03. Pattern Energy Group had a net margin of 7.77% and a return on equity of 1.05%. The company had revenue of $107.76 million for the quarter, compared to the consensus estimate of $124.02 million. During the same period last year, the company earned ($0.04) earnings per share. The firm’s revenue was up 15.4% compared to the same quarter last year. On average, analysts expect Pattern Energy Group to post $0.25 EPS for the current fiscal year and $0.59 EPS for the next fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, September 29th were issued a $0.42 dividend. This is a boost from Pattern Energy Group’s previous quarterly dividend of $0.42. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date was Thursday, September 28th. Pattern Energy Group’s dividend payout ratio (DPR) is currently 509.11%.

PEGI has been the topic of a number of recent research reports. Williams Capital initiated coverage on Pattern Energy Group in a report on Monday, October 16th. They issued a “buy” rating and a $28.00 target price on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $28.50 target price on shares of Pattern Energy Group in a report on Friday, September 8th. Zacks Investment Research cut Pattern Energy Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. National Bank Financial increased their target price on Pattern Energy Group from $27.00 to $34.50 and gave the stock an “outperform” rating in a report on Saturday, September 23rd. Finally, BidaskClub upgraded Pattern Energy Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $26.08.

COPYRIGHT VIOLATION NOTICE: “Pattern Energy Group Inc. (PEGI) Scheduled to Post Quarterly Earnings on Thursday” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/11/02/pattern-energy-group-inc-pegi-scheduled-to-post-quarterly-earnings-on-thursday.html.

In other Pattern Energy Group news, insider Esben W. Pedersen sold 1,200 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $25.10, for a total transaction of $30,120.00. Following the transaction, the insider now directly owns 148,211 shares in the company, valued at approximately $3,720,096.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Esben W. Pedersen sold 2,400 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $23.99, for a total value of $57,576.00. Following the transaction, the insider now owns 145,811 shares in the company, valued at $3,498,005.89. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,700 shares of company stock worth $211,034. Company insiders own 1.60% of the company’s stock.

About Pattern Energy Group

Pattern Energy Group Inc is an independent power company focused on owning and operating power projects. The Company holds interests in over 18 wind power projects located in the United States, Canada and Chile with total capacity of over 2,644 megawatts (MW). Each of its projects has contracted to sell its output pursuant to a power sale agreement.

Earnings History for Pattern Energy Group (NASDAQ:PEGI)

Receive News & Ratings for Pattern Energy Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pattern Energy Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.