Brookfield Renewable (BEPC) Projected to Post Quarterly Earnings on Friday

Brookfield Renewable (NYSE:BEPC) is expected to announce its earnings results before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of ($0.33) per share and revenue of $1,365,000.00 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings results on Friday, November 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.37 billion. Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%. During the same period in the previous year, the business posted ($0.14) earnings per share. On average, analysts expect Brookfield Renewable to post $-1 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Brookfield Renewable Stock Performance

Shares of NYSE BEPC opened at $25.01 on Friday. The stock has a fifty day moving average price of $28.88 and a two-hundred day moving average price of $29.54. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market cap of $3.62 billion, a P/E ratio of -30.50 and a beta of 1.23. Brookfield Renewable has a 1 year low of $21.35 and a 1 year high of $35.14.

Brookfield Renewable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were paid a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Renewable’s payout ratio is currently -173.17%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their price target on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday.

About Brookfield Renewable

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.