Wall Street analysts expect NRG Yield, Inc. Class C (NYSE:NYLD) to announce $0.03 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for NRG Yield, Inc. Class C’s earnings, with the lowest EPS estimate coming in at ($0.16) and the highest estimate coming in at $0.15. NRG Yield, Inc. Class C reported earnings per share of ($0.03) during the same quarter last year, which indicates a positive year-over-year growth rate of 200%. The company is scheduled to report its next earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that NRG Yield, Inc. Class C will report full year earnings of $0.89 per share for the current year, with EPS estimates ranging from $0.85 to $0.94. For the next financial year, analysts expect that the firm will report earnings of $0.92 per share, with EPS estimates ranging from $0.87 to $0.97. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for NRG Yield, Inc. Class C.
NRG Yield, Inc. Class C (NYSE:NYLD) last released its earnings results on Thursday, March 1st. The utilities provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $242.00 million during the quarter, compared to the consensus estimate of $248.92 million. NRG Yield, Inc. Class C had a negative net margin of 1.59% and a positive return on equity of 3.17%.
NYLD has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price target on NRG Yield, Inc. Class C from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, February 13th. Zacks Investment Research lowered NRG Yield, Inc. Class C from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 13th. ValuEngine lowered NRG Yield, Inc. Class C from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Guggenheim raised NRG Yield, Inc. Class C from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 2nd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.29.
In other NRG Yield, Inc. Class C news, insider Christopher S. Sotos purchased 6,200 shares of the stock in a transaction on Monday, March 5th. The stock was acquired at an average price of $16.16 per share, with a total value of $100,192.00. Following the transaction, the insider now directly owns 16,600 shares of the company’s stock, valued at approximately $268,256. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.
Several hedge funds have recently bought and sold shares of NYLD. BB&T Securities LLC purchased a new position in shares of NRG Yield, Inc. Class C during the 3rd quarter worth approximately $285,000. AMP Capital Investors Ltd purchased a new position in shares of NRG Yield, Inc. Class C during the 3rd quarter worth approximately $2,379,000. Atria Investments LLC grew its holdings in shares of NRG Yield, Inc. Class C by 43.3% during the 4th quarter. Atria Investments LLC now owns 23,703 shares of the utilities provider’s stock worth $448,000 after acquiring an additional 7,166 shares during the period. Eqis Capital Management Inc. grew its holdings in shares of NRG Yield, Inc. Class C by 53.3% during the 4th quarter. Eqis Capital Management Inc. now owns 78,754 shares of the utilities provider’s stock worth $1,488,000 after acquiring an additional 27,384 shares during the period. Finally, Beach Investment Counsel Inc. PA grew its holdings in shares of NRG Yield, Inc. Class C by 0.3% during the 4th quarter. Beach Investment Counsel Inc. PA now owns 1,373,592 shares of the utilities provider’s stock worth $25,961,000 after acquiring an additional 3,974 shares during the period. Hedge funds and other institutional investors own 29.13% of the company’s stock.
NYLD traded up $0.15 during midday trading on Tuesday, reaching $17.10. 506,297 shares of the company’s stock traded hands, compared to its average volume of 596,242. The firm has a market capitalization of $3,132.23, a price-to-earnings ratio of 21.11, a PEG ratio of 0.61 and a beta of 2.19. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.99 and a quick ratio of 0.91. NRG Yield, Inc. Class C has a 52 week low of $15.55 and a 52 week high of $20.15.
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NRG Yield, Inc. Class C Company Profile
NRG Yield, Inc, through its subsidiaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2017, it had contracted renewable and conventional generation portfolio of 5,118 net megawatt (MW). The company also owns thermal infrastructure assets with an aggregate steam and chilled water capacity of 1,319 net MW thermal equivalents, and electric generation capacity of 123 net MW.
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