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

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) is anticipated to announce its earnings results before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of ($0.22) per share and revenue of $1,472,134.42 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last announced its quarterly earnings results on Friday, November 8th. The utilities provider reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates 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 during 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 Trading Up 3.7 %

Shares of NYSE:BEP opened at $20.78 on Friday. The company’s fifty day simple moving average is $23.61 and its 200 day simple moving average is $24.96. Brookfield Renewable Partners has a 12 month low of $19.92 and a 12 month high of $29.56. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of -25.34 and a beta of 0.95. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.93.

Brookfield Renewable Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a dividend of $0.355 per share. The ex-dividend date was Friday, November 29th. This represents a $1.42 annualized dividend and a dividend yield of 6.83%. Brookfield Renewable Partners’s dividend payout ratio is presently -173.17%.

Analyst Ratings Changes

A number of research analysts have issued reports on BEP shares. UBS Group upgraded Brookfield Renewable Partners from a “neutral” rating to a “buy” rating and lifted their target price for the company from $24.00 to $31.00 in a research report on Monday, September 30th. Royal Bank of Canada reissued an “outperform” rating and set a $31.00 target price on shares of Brookfield Renewable Partners in a report on Wednesday, October 9th. StockNews.com lowered Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research report on Thursday, December 26th. Scotiabank lowered their price objective on Brookfield Renewable Partners from $32.00 to $28.00 and set a “sector outperform” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Brookfield Renewable Partners from $30.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.