Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI) Expected to Post Earnings of $0.31 Per Share

Equities research analysts expect that Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) will post earnings per share of $0.31 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Hannon Armstrong Sustnbl Infrstr Cap’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.30. Hannon Armstrong Sustnbl Infrstr Cap also posted earnings of $0.31 per share in the same quarter last year. The business is expected to issue its next quarterly earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will report full-year earnings of $1.33 per share for the current financial year, with EPS estimates ranging from $1.32 to $1.35. For the next financial year, analysts expect that the company will report earnings of $1.38 per share, with EPS estimates ranging from $1.36 to $1.39. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Hannon Armstrong Sustnbl Infrstr Cap.

A number of equities analysts recently weighed in on HASI shares. Zacks Investment Research upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. TheStreet upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a “c” rating to a “b” rating in a research report on Wednesday, October 31st. Morgan Stanley lifted their price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 11th. Cowen reiterated a “buy” rating and issued a $27.00 price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research report on Friday. Finally, ValuEngine upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “hold” rating in a research report on Saturday, September 1st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $24.88.

In other Hannon Armstrong Sustnbl Infrstr Cap news, EVP Daniel K. Mcmahon sold 20,000 shares of the firm’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $22.84, for a total value of $456,800.00. Following the completion of the sale, the executive vice president now owns 287,571 shares of the company’s stock, valued at $6,568,121.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Daniel K. Mcmahon sold 6,000 shares of the firm’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $20.45, for a total value of $122,700.00. Following the completion of the sale, the executive vice president now directly owns 307,571 shares of the company’s stock, valued at approximately $6,289,826.95. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Smithfield Trust Co. acquired a new stake in Hannon Armstrong Sustnbl Infrstr Cap in the second quarter valued at $110,000. Jane Street Group LLC acquired a new stake in Hannon Armstrong Sustnbl Infrstr Cap in the second quarter valued at $199,000. CIBC World Markets Inc. acquired a new stake in Hannon Armstrong Sustnbl Infrstr Cap in the third quarter valued at $208,000. BSW Wealth Partners acquired a new stake in Hannon Armstrong Sustnbl Infrstr Cap in the second quarter valued at $213,000. Finally, Aperio Group LLC acquired a new stake in Hannon Armstrong Sustnbl Infrstr Cap in the second quarter valued at $238,000. 68.13% of the stock is owned by institutional investors.

Shares of HASI opened at $23.02 on Friday. The company has a debt-to-equity ratio of 2.37, a quick ratio of 41.26 and a current ratio of 33.99. The company has a market cap of $1.24 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 3.15 and a beta of 0.86. Hannon Armstrong Sustnbl Infrstr Cap has a 12-month low of $17.33 and a 12-month high of $24.57.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Wednesday, October 3rd were given a $0.33 dividend. The ex-dividend date was Tuesday, October 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 5.73%. Hannon Armstrong Sustnbl Infrstr Cap’s dividend payout ratio (DPR) is 125.71%.

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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