$19.78 Million in Sales Expected for Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) This Quarter

Brokerages expect that Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) will report $19.78 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Hannon Armstrong Sustnbl Infrstr Cap’s earnings, with the lowest sales estimate coming in at $15.90 million and the highest estimate coming in at $25.83 million. Hannon Armstrong Sustnbl Infrstr Cap reported sales of $22.28 million during the same quarter last year, which would indicate a negative year over year growth rate of 11.2%. The business is expected to announce its next earnings report on Wednesday, November 4th.

According to Zacks, analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will report full-year sales of $88.07 million for the current year, with estimates ranging from $81.00 million to $103.28 million. For the next financial year, analysts anticipate that the firm will report sales of $81.77 million, with estimates ranging from $59.60 million to $107.58 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Hannon Armstrong Sustnbl Infrstr Cap.

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.12. Hannon Armstrong Sustnbl Infrstr Cap had a return on equity of 9.64% and a net margin of 54.92%.

Several analysts recently weighed in on the company. Bank of America lowered Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a report on Thursday, August 13th. BTIG Research started coverage on Hannon Armstrong Sustnbl Infrstr Cap in a research note on Monday, June 15th. They issued a “buy” rating and a $40.00 target price on the stock. B. Riley started coverage on Hannon Armstrong Sustnbl Infrstr Cap in a research note on Friday, June 12th. They issued a “buy” rating and a $39.00 target price on the stock. Robert W. Baird reiterated a “buy” rating and issued a $34.00 target price on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research note on Thursday, July 2nd. Finally, Zacks Investment Research upgraded Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Wednesday. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Hannon Armstrong Sustnbl Infrstr Cap has a consensus rating of “Buy” and a consensus target price of $40.30.

In other news, EVP Daniel K. Mcmahon sold 10,000 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $38.35, for a total value of $383,500.00. Following the sale, the executive vice president now directly owns 178,913 shares of the company’s stock, valued at $6,861,313.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.40% of the company’s stock.

Several large investors have recently modified their holdings of HASI. Goldman Sachs Group Inc. boosted its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 97.6% in the second quarter. Goldman Sachs Group Inc. now owns 844,357 shares of the real estate investment trust’s stock worth $24,030,000 after acquiring an additional 416,949 shares during the last quarter. Arosa Capital Management LP boosted its stake in Hannon Armstrong Sustnbl Infrstr Cap by 1,146.5% during the first quarter. Arosa Capital Management LP now owns 450,000 shares of the real estate investment trust’s stock worth $9,185,000 after buying an additional 413,900 shares during the last quarter. Neumeier Poma Investment Counsel LLC boosted its stake in Hannon Armstrong Sustnbl Infrstr Cap by 13.6% during the first quarter. Neumeier Poma Investment Counsel LLC now owns 2,693,268 shares of the real estate investment trust’s stock worth $54,970,000 after buying an additional 321,655 shares during the last quarter. Stifel Financial Corp boosted its stake in Hannon Armstrong Sustnbl Infrstr Cap by 405.0% during the second quarter. Stifel Financial Corp now owns 323,263 shares of the real estate investment trust’s stock worth $9,200,000 after buying an additional 259,247 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Hannon Armstrong Sustnbl Infrstr Cap by 3.8% during the first quarter. Wellington Management Group LLP now owns 6,366,730 shares of the real estate investment trust’s stock worth $129,945,000 after buying an additional 233,799 shares during the last quarter. 76.76% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:HASI traded up $1.16 during midday trading on Monday, hitting $43.10. 747,893 shares of the company traded hands, compared to its average volume of 821,242. The firm’s fifty day moving average is $40.35 and its 200-day moving average is $31.07. Hannon Armstrong Sustnbl Infrstr Cap has a 12-month low of $15.01 and a 12-month high of $43.78. The firm has a market capitalization of $3.21 billion, a P/E ratio of 33.02, a P/E/G ratio of 8.39 and a beta of 1.68. The company has a current ratio of 31.48, a quick ratio of 31.48 and a debt-to-equity ratio of 1.61.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, October 2nd will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Thursday, October 1st. Hannon Armstrong Sustnbl Infrstr Cap’s dividend payout ratio (DPR) is presently 115.25%.

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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