$11.00 Million in Sales Expected for Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI) This Quarter

Equities research analysts forecast that Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) will post $11.00 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Hannon Armstrong Sustnbl Infrstr Cap’s earnings. The highest sales estimate is $11.90 million and the lowest is $10.03 million. Hannon Armstrong Sustnbl Infrstr Cap posted sales of $12.91 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 14.8%. The company is scheduled to issue its next quarterly earnings results on Wednesday, November 7th.

On average, analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will report full-year sales of $52.26 million for the current year, with estimates ranging from $45.00 million to $62.19 million. For the next year, analysts expect that the company will post sales of $56.79 million per share, with estimates ranging from $49.00 million to $72.47 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Hannon Armstrong Sustnbl Infrstr Cap.

HASI has been the subject of several research reports. ValuEngine raised Hannon Armstrong Sustnbl Infrstr Cap from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 26th. Zacks Investment Research downgraded Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. JPMorgan Chase & Co. initiated coverage on Hannon Armstrong Sustnbl Infrstr Cap in a research note on Thursday, June 14th. They set an “overweight” rating and a $23.00 price target for the company. Morgan Stanley lifted their price target on Hannon Armstrong Sustnbl Infrstr Cap from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, B. Riley set a $26.00 price target on Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a “buy” rating in a research note on Friday, August 3rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Hannon Armstrong Sustnbl Infrstr Cap currently has a consensus rating of “Buy” and an average target price of $25.25.

NYSE:HASI opened at $21.36 on Friday. The firm has a market cap of $1.16 billion, a PE ratio of 20.34, a PEG ratio of 3.00 and a beta of 0.91. The company has a debt-to-equity ratio of 2.24, a current ratio of 41.26 and a quick ratio of 41.26. Hannon Armstrong Sustnbl Infrstr Cap has a 52-week low of $17.33 and a 52-week high of $25.28.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 11th. Investors of record on Wednesday, October 3rd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date is Tuesday, October 2nd. Hannon Armstrong Sustnbl Infrstr Cap’s dividend payout ratio is presently 125.71%.

In related news, EVP Daniel K. Mcmahon sold 6,000 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $20.45, for a total transaction of $122,700.00. Following the completion of the sale, the executive vice president now owns 307,571 shares in the company, valued at approximately $6,289,826.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.30% of the company’s stock.

A number of institutional investors have recently bought and sold shares of HASI. Mainstay Capital Management LLC ADV grew its holdings in Hannon Armstrong Sustnbl Infrstr Cap by 831.0% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,004,681 shares of the real estate investment trust’s stock valued at $49,277,000 after buying an additional 896,771 shares during the period. B. Riley Financial Inc. purchased a new stake in Hannon Armstrong Sustnbl Infrstr Cap in the 2nd quarter valued at about $433,000. Jane Street Group LLC purchased a new stake in Hannon Armstrong Sustnbl Infrstr Cap in the 2nd quarter valued at about $199,000. California Public Employees Retirement System grew its holdings in Hannon Armstrong Sustnbl Infrstr Cap by 4.2% in the 2nd quarter. California Public Employees Retirement System now owns 73,432 shares of the real estate investment trust’s stock valued at $1,450,000 after buying an additional 2,973 shares during the period. Finally, Ardsley Advisory Partners grew its holdings in Hannon Armstrong Sustnbl Infrstr Cap by 42.7% in the 2nd quarter. Ardsley Advisory Partners now owns 770,661 shares of the real estate investment trust’s stock valued at $15,236,000 after buying an additional 230,661 shares during the period. Hedge funds and other institutional investors own 69.24% of the company’s stock.

About Hannon Armstrong Sustnbl Infrstr Cap

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include energy efficiency projects that reduce a building's or facility's energy usage or cost through enhancing or installing various building components, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

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