Brookfield Renewable Partners (BEP) Projected to Post Earnings on Friday

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) is expected to release its earnings data before the market opens on Friday, January 31st. Analysts expect Brookfield Renewable Partners to post earnings of ($0.22) per share and revenue of $1.45 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its quarterly earnings results on Friday, November 8th. The utilities provider reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.28). Brookfield Renewable Partners had a net margin of 1.16% and a return on equity of 0.24%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $843.18 million. During the same period last year, the company earned ($0.14) earnings per share. On average, analysts expect Brookfield Renewable Partners to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Brookfield Renewable Partners Stock Performance

BEP stock opened at $20.77 on Wednesday. The stock has a market capitalization of $5.92 billion, a PE ratio of -25.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.73 and a quick ratio of 0.73. The company has a 50 day moving average price of $23.37 and a 200 day moving average price of $24.85. Brookfield Renewable Partners has a fifty-two week low of $19.92 and a fifty-two week high of $29.56.

Brookfield Renewable Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were given a dividend of $0.355 per share. The ex-dividend date was Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 6.84%. Brookfield Renewable Partners’s payout ratio is currently -173.17%.

Analyst Upgrades and Downgrades

BEP has been the subject of several recent research reports. Scotiabank dropped their price objective on Brookfield Renewable Partners from $32.00 to $28.00 and set a “sector outperform” rating for the company in a report on Thursday, January 23rd. StockNews.com downgraded shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research note on Thursday, December 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $31.00 price objective on shares of Brookfield Renewable Partners in a research note on Wednesday, October 9th. CIBC upped their target price on shares of Brookfield Renewable Partners from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Finally, National Bankshares reduced their price target on Brookfield Renewable Partners from $33.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Brookfield Renewable Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.78.

About Brookfield Renewable Partners

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation.