$16.55 Million in Sales Expected for Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) This Quarter

Equities analysts expect Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) to post $16.55 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Hannon Armstrong Sustnbl Infrstr Cap’s earnings, with the lowest sales estimate coming in at $15.56 million and the highest estimate coming in at $17.43 million. Hannon Armstrong Sustnbl Infrstr Cap reported sales of $16.79 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.4%. The company is scheduled to report its next quarterly earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will report full-year sales of $71.72 million for the current year, with estimates ranging from $65.30 million to $84.00 million. For the next financial year, analysts forecast that the company will report sales of $75.31 million, with estimates ranging from $61.10 million to $90.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Hannon Armstrong Sustnbl Infrstr Cap.

Several research firms recently weighed in on HASI. B. Riley began coverage on Hannon Armstrong Sustnbl Infrstr Cap in a research note on Thursday, March 14th. They issued a “buy” rating and a $29.00 price objective for the company. Roth Capital set a $30.00 price target on Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Zacks Investment Research downgraded Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $26.50.

In other Hannon Armstrong Sustnbl Infrstr Cap news, insider Jeffrey Eckel acquired 985 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $26.82 per share, for a total transaction of $26,417.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel K. Mcmahon sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $26.00, for a total value of $130,000.00. Following the transaction, the executive vice president now owns 238,233 shares of the company’s stock, valued at $6,194,058. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. First Trust Advisors LP grew its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 81.9% during the first quarter. First Trust Advisors LP now owns 173,815 shares of the real estate investment trust’s stock valued at $4,457,000 after purchasing an additional 78,256 shares during the last quarter. Metropolitan Life Insurance Co NY increased its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 12.2% in the first quarter. Metropolitan Life Insurance Co NY now owns 19,002 shares of the real estate investment trust’s stock worth $487,000 after buying an additional 2,060 shares during the period. MetLife Investment Advisors LLC increased its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 11.9% in the first quarter. MetLife Investment Advisors LLC now owns 26,277 shares of the real estate investment trust’s stock worth $674,000 after buying an additional 2,799 shares during the period. Nordea Investment Management AB increased its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 53,391.3% in the first quarter. Nordea Investment Management AB now owns 61,515 shares of the real estate investment trust’s stock worth $1,577,000 after buying an additional 61,400 shares during the period. Finally, Northeast Financial Consultants Inc purchased a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the first quarter worth $1,103,000. Institutional investors and hedge funds own 71.48% of the company’s stock.

HASI opened at $28.18 on Friday. The company has a quick ratio of 29.45, a current ratio of 29.45 and a debt-to-equity ratio of 1.48. The company has a 50 day simple moving average of $26.73. The firm has a market cap of $1.73 billion, a PE ratio of 23.68, a P/E/G ratio of 10.22 and a beta of 1.04. Hannon Armstrong Sustnbl Infrstr Cap has a 12 month low of $18.83 and a 12 month high of $28.21.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, July 5th will be issued a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 4.76%. The ex-dividend date is Wednesday, July 3rd. Hannon Armstrong Sustnbl Infrstr Cap’s dividend payout ratio is currently 112.61%.

Hannon Armstrong Sustnbl Infrstr Cap Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include energy efficiency projects that reduce a building's or facility's energy usage or cost through the use of solar generation, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

Featured Article: What is a front-end load?

Get a free copy of the Zacks research report on Hannon Armstrong Sustnbl Infrstr Cap (HASI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI)

Receive News & Ratings for Hannon Armstrong Sustnbl Infrstr Cap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hannon Armstrong Sustnbl Infrstr Cap and related companies with MarketBeat.com's FREE daily email newsletter.