Equities analysts expect Atlantica Yield PLC (NASDAQ:AY) to report $0.62 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Atlantica Yield’s earnings. Atlantica Yield reported earnings of $0.30 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 106.7%. The firm is expected to issue its next earnings results on Monday, November 12th.

On average, analysts expect that Atlantica Yield will report full-year earnings of $0.61 per share for the current year, with EPS estimates ranging from $0.20 to $1.01. For the next fiscal year, analysts anticipate that the company will report earnings of $0.89 per share, with EPS estimates ranging from $0.46 to $1.32. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Atlantica Yield.

Atlantica Yield (NASDAQ:AY) last announced its quarterly earnings results on Monday, August 6th. The utilities provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.28 by $0.44. The firm had revenue of $287.85 million for the quarter. Atlantica Yield had a positive return on equity of 1.95% and a negative net margin of 5.50%.

Several brokerages have recently commented on AY. Bank of America raised their price target on Atlantica Yield from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. BidaskClub upgraded Atlantica Yield from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research upgraded Atlantica Yield from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Wednesday, June 13th. Raymond James started coverage on Atlantica Yield in a research note on Wednesday, June 20th. They issued an “outperform” rating and a $26.00 target price on the stock. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $24.00 target price on shares of Atlantica Yield in a research note on Tuesday, July 24th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $25.20.

A number of institutional investors and hedge funds have recently bought and sold shares of AY. Kayne Anderson Capital Advisors LP purchased a new position in Atlantica Yield in the first quarter valued at about $11,810,000. BlackRock Inc. lifted its holdings in shares of Atlantica Yield by 85.5% during the first quarter. BlackRock Inc. now owns 1,271,251 shares of the utilities provider’s stock worth $24,892,000 after purchasing an additional 585,948 shares during the period. Melqart Asset Management UK Ltd lifted its holdings in shares of Atlantica Yield by 20.2% during the first quarter. Melqart Asset Management UK Ltd now owns 2,020,794 shares of the utilities provider’s stock worth $39,567,000 after purchasing an additional 339,251 shares during the period. Indaba Capital Management L.P. lifted its holdings in shares of Atlantica Yield by 29.5% during the first quarter. Indaba Capital Management L.P. now owns 1,335,765 shares of the utilities provider’s stock worth $26,154,000 after purchasing an additional 304,063 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Atlantica Yield by 25.5% during the second quarter. Acadian Asset Management LLC now owns 1,245,740 shares of the utilities provider’s stock worth $25,139,000 after purchasing an additional 253,170 shares during the period. Institutional investors own 49.48% of the company’s stock.

Shares of Atlantica Yield stock opened at $20.83 on Friday. The firm has a market cap of $2.11 billion, a PE ratio of 56.85 and a beta of 0.97. The company has a debt-to-equity ratio of 2.99, a quick ratio of 2.47 and a current ratio of 2.51. Atlantica Yield has a 12 month low of $18.00 and a 12 month high of $25.99.

The business also recently announced a quarterly dividend, which was paid on Saturday, September 15th. Shareholders of record on Friday, August 31st were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 6.53%. The ex-dividend date was Thursday, August 30th. This is a positive change from Atlantica Yield’s previous quarterly dividend of $0.32. Atlantica Yield’s payout ratio is -755.56%.

Atlantica Yield Company Profile

Atlantica Yield plc acquires, owns, and manages renewable energy natural gas, power, electric transmission lines, and water assets in North America, South America, Spain, Algeria, and South Africa. As of December 31, 2017, it had 22 assets, including 1,446 megawatts (MW) of renewable energy generation assets comprising solar power and wind plants; 300 MW of natural gas power generation assets that produce electricity and steam from natural gas; 1,099 miles of electric transmission lines; and desalination plants with an aggregate capacity of 10.5 million cubic feet per day.

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