Brokerages expect Atlantica Yield PLC (NASDAQ:AY) to announce ($0.16) earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Atlantica Yield’s earnings. Atlantica Yield posted earnings of ($0.15) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 6.7%. The business is scheduled to issue its next earnings results on Monday, February 26th.

According to Zacks, analysts expect that Atlantica Yield will report full-year earnings of $0.74 per share for the current fiscal year, with EPS estimates ranging from $0.69 to $0.79. For the next fiscal year, analysts forecast that the company will report earnings of $1.01 per share, with EPS estimates ranging from $0.73 to $1.29. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Atlantica Yield.

Atlantica Yield (NASDAQ:AY) last released its quarterly earnings results on Monday, November 13th. The utilities provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.30). The firm had revenue of $291.96 million for the quarter. Atlantica Yield had a net margin of 2.85% and a return on equity of 1.41%.

AY has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Atlantica Yield from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Royal Bank of Canada reiterated a “buy” rating and issued a $23.00 target price on shares of Atlantica Yield in a research report on Monday, September 25th. Zacks Investment Research upgraded shares of Atlantica Yield from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Wednesday, October 18th. Finally, Bank of America reiterated a “buy” rating and issued a $24.00 target price on shares of Atlantica Yield in a research report on Tuesday, October 24th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $23.83.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bronfman E.L. Rothschild L.P. purchased a new stake in Atlantica Yield during the second quarter valued at about $139,000. Quantbot Technologies LP boosted its position in Atlantica Yield by 532.0% during the third quarter. Quantbot Technologies LP now owns 6,914 shares of the utilities provider’s stock valued at $136,000 after buying an additional 5,820 shares during the period. Sei Investments Co. boosted its position in Atlantica Yield by 885.9% during the second quarter. Sei Investments Co. now owns 8,114 shares of the utilities provider’s stock valued at $173,000 after buying an additional 7,291 shares during the period. Legal & General Group Plc boosted its position in Atlantica Yield by 73.2% during the third quarter. Legal & General Group Plc now owns 8,994 shares of the utilities provider’s stock valued at $177,000 after buying an additional 3,800 shares during the period. Finally, Stevens Capital Management LP purchased a new stake in Atlantica Yield during the third quarter valued at about $214,000. Institutional investors and hedge funds own 51.00% of the company’s stock.

Atlantica Yield (NASDAQ AY) traded up $0.08 on Friday, hitting $21.56. 465,500 shares of the stock were exchanged, compared to its average volume of 541,692. The stock has a market cap of $2,152.67, a price-to-earnings ratio of 79.56, a P/E/G ratio of 1.00 and a beta of 1.15. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.23 and a quick ratio of 2.20. Atlantica Yield has a 12-month low of $17.67 and a 12-month high of $25.99.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This is a positive change from Atlantica Yield’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 5.38%. Atlantica Yield’s payout ratio is 429.63%.

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About Atlantica Yield

Atlantica Yield plc, formerly Abengoa Yield plc, is a total return company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets, focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil and Uruguay) and Europe, Middle East and Africa (Spain, Algeria and South Africa).

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