$22.99 Million in Sales Expected for Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) This Quarter

Wall Street analysts expect Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) to report $22.99 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Hannon Armstrong Sustainable Infrastructure Capital’s earnings. The lowest sales estimate is $16.70 million and the highest is $29.22 million. Hannon Armstrong Sustainable Infrastructure Capital reported sales of $22.50 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.2%. The firm is expected to issue its next earnings results on Thursday, November 4th.

According to Zacks, analysts expect that Hannon Armstrong Sustainable Infrastructure Capital will report full year sales of $87.33 million for the current year, with estimates ranging from $76.10 million to $100.45 million. For the next financial year, analysts anticipate that the company will report sales of $96.90 million, with estimates ranging from $68.10 million to $129.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Hannon Armstrong Sustainable Infrastructure Capital.

A number of brokerages have recently commented on HASI. Zacks Investment Research cut Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, August 17th. JPMorgan Chase & Co. upped their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $66.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, July 21st. B. Riley lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, August 30th. Finally, KeyCorp assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday. They issued a “sector weight” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Hold” and an average price target of $64.50.

In other Hannon Armstrong Sustainable Infrastructure Capital news, EVP Nathaniel Rose sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 10th. The stock was sold at an average price of $59.54, for a total value of $595,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Daniel K. Mcmahon sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 24th. The stock was sold at an average price of $58.42, for a total transaction of $1,168,400.00. Following the completion of the transaction, the executive vice president now owns 128,625 shares in the company, valued at $7,514,272.50. The disclosure for this sale can be found here. Insiders sold 93,333 shares of company stock valued at $5,426,981 over the last 90 days. 3.40% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Scotia Capital Inc. increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.6% during the 2nd quarter. Scotia Capital Inc. now owns 11,463 shares of the real estate investment trust’s stock valued at $644,000 after purchasing an additional 178 shares during the last quarter. Prudential Financial Inc. grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 3.1% during the second quarter. Prudential Financial Inc. now owns 6,435 shares of the real estate investment trust’s stock valued at $361,000 after acquiring an additional 196 shares during the last quarter. Nwam LLC grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 1.5% during the second quarter. Nwam LLC now owns 13,481 shares of the real estate investment trust’s stock valued at $757,000 after acquiring an additional 198 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.1% during the second quarter. ProShare Advisors LLC now owns 19,895 shares of the real estate investment trust’s stock worth $1,117,000 after acquiring an additional 211 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.0% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 25,237 shares of the real estate investment trust’s stock worth $1,417,000 after acquiring an additional 238 shares during the last quarter. 83.09% of the stock is owned by hedge funds and other institutional investors.

NYSE:HASI opened at $57.30 on Friday. The company has a market capitalization of $4.50 billion, a P/E ratio of 40.64, a P/E/G ratio of 4.09 and a beta of 1.81. The business has a fifty day simple moving average of $57.50 and a two-hundred day simple moving average of $54.61. The company has a debt-to-equity ratio of 1.92, a current ratio of 22.96 and a quick ratio of 22.96. Hannon Armstrong Sustainable Infrastructure Capital has a 1 year low of $37.80 and a 1 year high of $72.42.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 8th. Stockholders of record on Friday, October 1st will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Thursday, September 30th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 104.48%.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc engages in focusing on solutions that reduce carbon emissions and increase resilience to climate change by providing capital and specialized expertise to companies in the energy efficiency, renewable energy and other sustainable infrastructure markets.

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Earnings History and Estimates for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

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