Equities analysts expect that Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) will report $17.36 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Hannon Armstrong Sustnbl Infrstr Cap’s earnings. The highest sales estimate is $18.50 million and the lowest is $15.73 million. Hannon Armstrong Sustnbl Infrstr Cap reported sales of $15.20 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.2%. The company is scheduled to announce its next earnings report on Thursday, November 7th.
On average, analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will report full-year sales of $73.13 million for the current financial year, with estimates ranging from $67.16 million to $83.68 million. For the next fiscal year, analysts expect that the firm will post sales of $78.32 million, with estimates ranging from $67.00 million to $90.19 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Hannon Armstrong Sustnbl Infrstr Cap.
Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Hannon Armstrong Sustnbl Infrstr Cap had a return on equity of 8.75% and a net margin of 37.56%. The firm had revenue of $16.40 million for the quarter, compared to analyst estimates of $16.55 million.
HASI stock traded up $0.35 during trading on Wednesday, reaching $27.52. 182,202 shares of the stock were exchanged, compared to its average volume of 371,818. Hannon Armstrong Sustnbl Infrstr Cap has a twelve month low of $18.83 and a twelve month high of $28.67. The company has a market capitalization of $1.76 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 10.71 and a beta of 1.03. The stock has a 50 day simple moving average of $27.77 and a 200-day simple moving average of $26.19. The company has a current ratio of 23.23, a quick ratio of 23.23 and a debt-to-equity ratio of 1.24.
In other news, EVP Steven Chuslo sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $27.27, for a total value of $299,970.00. Following the transaction, the executive vice president now directly owns 303,404 shares of the company’s stock, valued at approximately $8,273,827.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey Eckel bought 1,891 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of $26.99 per share, for a total transaction of $51,038.09. Following the completion of the acquisition, the insider now directly owns 641,452 shares in the company, valued at $17,312,789.48. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in HASI. Manchester Capital Management LLC acquired a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the 1st quarter worth approximately $25,000. Point72 Asset Management L.P. acquired a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the 2nd quarter worth approximately $28,000. Glassman Wealth Services boosted its holdings in shares of Hannon Armstrong Sustnbl Infrstr Cap by 129.9% in the 1st quarter. Glassman Wealth Services now owns 1,129 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 638 shares in the last quarter. Advisory Alpha LLC acquired a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the 1st quarter worth approximately $37,000. Finally, Private Capital Group LLC acquired a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the 1st quarter worth approximately $54,000. 71.56% of the stock is currently owned by institutional investors and hedge funds.
About Hannon Armstrong Sustnbl Infrstr Cap
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.
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