Atlantica Yield (NASDAQ:AY) is scheduled to announce its earnings results after the market closes on Monday, November 5th. Analysts expect the company to announce earnings of $0.45 per share for the quarter.
Atlantica Yield (NASDAQ:AY) last posted its earnings results on Monday, August 6th. The utilities provider reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.44. The company had revenue of $287.85 million for the quarter. Atlantica Yield had a positive return on equity of 1.95% and a negative net margin of 5.50%. On average, analysts expect Atlantica Yield to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
AY opened at $19.31 on Friday. The company has a current ratio of 2.51, a quick ratio of 2.47 and a debt-to-equity ratio of 2.99. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 52.19 and a beta of 0.91. Atlantica Yield has a one year low of $18.00 and a one year high of $25.99.
A number of analysts have commented on AY shares. Royal Bank of Canada reiterated a “buy” rating and set a $24.00 target price on shares of Atlantica Yield in a research report on Tuesday, July 24th. Zacks Investment Research upgraded Atlantica Yield from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Wednesday, October 10th. ValuEngine upgraded Atlantica Yield from a “hold” rating to a “buy” rating in a research report on Wednesday, October 3rd. Deutsche Bank began coverage on Atlantica Yield in a research report on Friday, September 28th. They set a “buy” rating on the stock. Finally, BidaskClub upgraded Atlantica Yield from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Atlantica Yield currently has an average rating of “Buy” and a consensus target price of $25.20.
Atlantica Yield Company Profile
Atlantica Yield plc acquires, owns, and manages renewable energy natural gas, power, electric transmission lines, and water assets in North America, South America, Spain, Algeria, and South Africa. As of December 31, 2017, it had 22 assets, including 1,446 megawatts (MW) of renewable energy generation assets comprising solar power and wind plants; 300 MW of natural gas power generation assets that produce electricity and steam from natural gas; 1,099 miles of electric transmission lines; and desalination plants with an aggregate capacity of 10.5 million cubic feet per day.
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