NRG Yield (NYLD) Expected to Announce Quarterly Sales of $274.39 Million

Wall Street analysts expect that NRG Yield (NYSE:NYLD) will announce $274.39 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for NRG Yield’s earnings, with the lowest sales estimate coming in at $272.78 million and the highest estimate coming in at $276.00 million. NRG Yield posted sales of $284.00 million during the same quarter last year, which suggests a negative year-over-year growth rate of 3.4%. The company is scheduled to report its next quarterly earnings results on Thursday, August 2nd.

According to Zacks, analysts expect that NRG Yield will report full-year sales of $1.12 billion for the current financial year, with estimates ranging from $1.07 billion to $1.21 billion. For the next year, analysts forecast that the business will report sales of $1.21 billion per share, with estimates ranging from $1.19 billion to $1.22 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow NRG Yield.

NRG Yield (NYSE:NYLD) last posted its earnings results on Thursday, May 3rd. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.14. NRG Yield had a return on equity of 4.10% and a net margin of 0.30%. The business had revenue of $225.00 million during the quarter, compared to analysts’ expectations of $216.52 million. During the same period in the prior year, the business earned $0.33 EPS.

Several brokerages have recently weighed in on NYLD. TheStreet raised shares of NRG Yield from a “d” rating to a “c-” rating in a research note on Tuesday, May 15th. ValuEngine cut shares of NRG Yield from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Morgan Stanley decreased their price target on shares of NRG Yield from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday, February 13th. Finally, Zacks Investment Research raised shares of NRG Yield from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 14th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $18.50.

In other news, Director John Chlebowski sold 25,417 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $17.81, for a total transaction of $452,676.77. Following the completion of the transaction, the director now directly owns 12,712 shares of the company’s stock, valued at approximately $226,400.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Wisconsin Investment Board boosted its holdings in shares of NRG Yield by 171.0% in the 4th quarter. State of Wisconsin Investment Board now owns 1,200,000 shares of the utilities provider’s stock valued at $22,680,000 after buying an additional 757,154 shares during the last quarter. Summit Trail Advisors LLC lifted its holdings in NRG Yield by 305,805.8% during the 1st quarter. Summit Trail Advisors LLC now owns 688,288 shares of the utilities provider’s stock valued at $688,000 after purchasing an additional 688,063 shares during the last quarter. Cushing Asset Management LP lifted its holdings in NRG Yield by 11.1% during the 4th quarter. Cushing Asset Management LP now owns 500,100 shares of the utilities provider’s stock valued at $9,452,000 after purchasing an additional 50,000 shares during the last quarter. Roystone Capital Management LP lifted its holdings in NRG Yield by 0.7% during the 4th quarter. Roystone Capital Management LP now owns 422,500 shares of the utilities provider’s stock valued at $7,985,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Mcclain Value Management LLC lifted its holdings in NRG Yield by 72.2% during the 1st quarter. Mcclain Value Management LLC now owns 297,113 shares of the utilities provider’s stock valued at $5,051,000 after purchasing an additional 124,561 shares during the last quarter. 29.28% of the stock is owned by institutional investors.

NRG Yield traded down $0.10, reaching $17.05, during trading hours on Friday, according to MarketBeat. 597,563 shares of the company’s stock were exchanged, compared to its average volume of 592,812. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 0.57 and a beta of 2.16. NRG Yield has a one year low of $15.55 and a one year high of $20.15. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.45 and a current ratio of 0.49.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be paid a dividend of $0.309 per share. This is a boost from NRG Yield’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 7.25%. The ex-dividend date of this dividend is Thursday, May 31st. NRG Yield’s dividend payout ratio (DPR) is currently 153.09%.

NRG Yield 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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