Brookfield Renewable (BEPC) Projected to Post Quarterly Earnings on Friday

Brookfield Renewable (NYSE:BEPC) is anticipated to issue its quarterly earnings data before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of ($0.33) per share and revenue of $1.37 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings results on Friday, November 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.04). The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.37 billion. Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%. During the same quarter last year, the firm posted ($0.14) earnings per share. On average, analysts expect Brookfield Renewable to post $-1 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Brookfield Renewable Trading Down 2.8 %

Shares of BEPC stock opened at $24.61 on Wednesday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. The stock has a market cap of $3.57 billion, a P/E ratio of -30.01 and a beta of 1.23. The stock has a 50 day simple moving average of $28.57 and a 200 day simple moving average of $29.42. Brookfield Renewable has a 1 year low of $21.35 and a 1 year high of $35.14.

Brookfield Renewable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were paid a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 5.77%. The ex-dividend date was Friday, November 29th. Brookfield Renewable’s dividend payout ratio (DPR) is currently -173.17%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their price objective on shares of Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd.

About Brookfield Renewable

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.