NRG Yield, Inc. (NYLD) Announces Quarterly Earnings Results, Misses Expectations By $0.31 EPS
NRG Yield, Inc. (NYSE:NYLD) announced its quarterly earnings data on Thursday. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.31), Briefing.com reports. The business had revenue of $265.00 million during the quarter, compared to analysts’ expectations of $311.81 million. NRG Yield had a return on equity of 1.75% and a net margin of 4.10%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share.
NRG Yield (NYSE:NYLD) remained flat at $$18.60 on Friday. 1,310,636 shares of the company were exchanged, compared to its average volume of 519,619. The firm has a market cap of $3.41 billion, a PE ratio of 44.29 and a beta of 2.53.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.288 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.19%. This is an increase from NRG Yield’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, November 30th. NRG Yield’s dividend payout ratio (DPR) is presently 266.67%.
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Several equities research analysts recently issued reports on the company. BidaskClub downgraded NRG Yield from a “buy” rating to a “hold” rating in a research note on Tuesday. Bank of America Corporation assumed coverage on NRG Yield in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $18.00 price objective for the company. Goldman Sachs Group, Inc. (The) downgraded NRG Yield from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Wednesday, October 11th. Zacks Investment Research raised NRG Yield from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, October 10th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $17.00 price target on shares of NRG Yield in a research note on Monday, July 31st. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.75.
NRG Yield Company Profile
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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