Zacks: Analysts Anticipate 8point3 Energy Partners LP (CAFD) to Post $0.08 Earnings Per Share
Equities research analysts predict that 8point3 Energy Partners LP (NASDAQ:CAFD) will post $0.08 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for 8point3 Energy Partners’ earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at $0.18. The business is scheduled to announce its next quarterly earnings report on Thursday, January 25th.
According to Zacks, analysts expect that 8point3 Energy Partners will report full-year earnings of $0.53 per share for the current fiscal year, with EPS estimates ranging from $0.49 to $0.60. For the next financial year, analysts anticipate that the business will post earnings of $0.62 per share, with EPS estimates ranging from $0.13 to $1.23. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow 8point3 Energy Partners.
8point3 Energy Partners (NASDAQ:CAFD) last announced its quarterly earnings data on Wednesday, October 4th. The energy company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.38). The business had revenue of $27.74 million during the quarter, compared to analysts’ expectations of $25.85 million. 8point3 Energy Partners had a net margin of 23.13% and a return on equity of 1.87%.
A number of hedge funds have recently modified their holdings of the stock. Shelton Capital Management boosted its stake in 8point3 Energy Partners by 4.1% during the 3rd quarter. Shelton Capital Management now owns 101,000 shares of the energy company’s stock valued at $1,518,000 after purchasing an additional 4,000 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in 8point3 Energy Partners by 90.7% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,357 shares of the energy company’s stock valued at $351,000 after purchasing an additional 11,112 shares in the last quarter. Quentec Asset Management LLC lifted its position in shares of 8point3 Energy Partners by 15.1% during the 3rd quarter. Quentec Asset Management LLC now owns 2,263,160 shares of the energy company’s stock valued at $34,015,000 after acquiring an additional 297,702 shares during the last quarter. AE Wealth Management LLC acquired a new stake in shares of 8point3 Energy Partners during the 3rd quarter valued at $156,000. Finally, Trillium Asset Management LLC lifted its position in shares of 8point3 Energy Partners by 1.1% during the 3rd quarter. Trillium Asset Management LLC now owns 365,273 shares of the energy company’s stock valued at $5,490,000 after acquiring an additional 3,882 shares during the last quarter. 18.50% of the stock is owned by institutional investors and hedge funds.
Shares of 8point3 Energy Partners (NASDAQ:CAFD) opened at $14.29 on Tuesday. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.83. 8point3 Energy Partners has a 1 year low of $11.51 and a 1 year high of $15.79.
About 8point3 Energy Partners
8point3 Energy Partners LP owns, operates and acquires solar energy generation projects. As of November 30, 2016, Company’s portfolio comprised interests in 642 Megawatt (MW) of solar energy projects. The Company is developing projects under utility, commercial and industrial (C&I) and residential categories.
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