Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) Expected to Announce Earnings of $0.32 Per Share

Wall Street brokerages forecast that Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) will announce earnings of $0.32 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Hannon Armstrong Sustnbl Infrstr Cap’s earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.31. Hannon Armstrong Sustnbl Infrstr Cap reported earnings per share of $0.38 during the same quarter last year, which suggests a negative year-over-year growth rate of 15.8%. The company is expected to report its next earnings results on Wednesday, November 4th.

On average, analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will report full-year earnings of $1.47 per share for the current year, with EPS estimates ranging from $1.45 to $1.50. For the next year, analysts expect that the firm will post earnings of $1.56 per share, with EPS estimates ranging from $1.50 to $1.61. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Hannon Armstrong Sustnbl Infrstr Cap.

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

A number of brokerages have recently weighed in on HASI. Morgan Stanley lifted their price target on shares of Hannon Armstrong Sustnbl Infrstr Cap from $31.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Friday, September 18th. B. Riley began coverage on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research report on Friday, June 12th. They set a “buy” rating and a $39.00 price target on the stock. BTIG Research began coverage on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research report on Monday, June 15th. They set a “buy” rating and a $40.00 price target on the stock. BofA Securities cut shares of 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 research report on Thursday, August 13th. Finally, Zacks Investment Research raised shares of Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Wednesday. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $40.30.

Shares of NYSE HASI traded up $1.16 during midday trading on Friday, reaching $43.10. 747,893 shares of the stock were exchanged, compared to its average volume of 821,242. The business has a 50-day simple moving average of $40.35 and a two-hundred day simple moving average of $31.07. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 33.02, a P/E/G ratio of 8.39 and a beta of 1.68. Hannon Armstrong Sustnbl Infrstr Cap has a 12 month low of $15.01 and a 12 month high of $43.78. The company has a debt-to-equity ratio of 1.61, a current ratio of 31.48 and a quick ratio of 31.48.

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

In other Hannon Armstrong Sustnbl Infrstr Cap news, EVP Daniel K. Mcmahon sold 10,000 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction on Friday, August 14th. The shares were 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 in the company, valued at approximately $6,861,313.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.40% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Bartlett & Co. LLC acquired a new stake in Hannon Armstrong Sustnbl Infrstr Cap in the 2nd quarter valued at $28,000. Private Advisor Group LLC acquired a new stake in Hannon Armstrong Sustnbl Infrstr Cap in the 2nd quarter valued at $33,000. Trust Co. of Vermont acquired a new stake in Hannon Armstrong Sustnbl Infrstr Cap in the 2nd quarter valued at $43,000. Ropes Wealth Advisors LLC acquired a new stake in Hannon Armstrong Sustnbl Infrstr Cap in the 2nd quarter valued at $66,000. Finally, Verus Capital Partners LLC increased its stake in Hannon Armstrong Sustnbl Infrstr Cap by 32.4% in the 1st quarter. Verus Capital Partners LLC now owns 2,450 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 76.76% of the company’s stock.

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.

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