Equities research analysts expect Atlantica Yield PLC (NASDAQ:AY) to post earnings of $0.82 per share for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Atlantica Yield’s earnings, with the highest EPS estimate coming in at $1.05 and the lowest estimate coming in at $0.68. Atlantica Yield reported earnings per share of $0.53 in the same quarter last year, which suggests a positive year over year growth rate of 54.7%. The company is scheduled to report its next earnings results on Monday, November 4th.

According to Zacks, analysts expect that Atlantica Yield will report full-year earnings of $0.78 per share for the current fiscal year, with EPS estimates ranging from $0.67 to $0.89. For the next year, analysts anticipate that the company will report earnings of $1.72 per share, with EPS estimates ranging from $1.01 to $2.70. Zacks’ EPS averages are an average based on a survey of research analysts that follow Atlantica Yield.

Atlantica Yield (NASDAQ:AY) last announced its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.22). Atlantica Yield had a negative return on equity of 0.40% and a negative net margin of 0.68%. The firm had revenue of $283.34 million for the quarter.

A number of research firms recently issued reports on AY. Citigroup upped their target price on Atlantica Yield from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, July 29th. BidaskClub upgraded Atlantica Yield from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. Raymond James reiterated an “outperform” rating and issued a $27.00 price target on shares of Atlantica Yield in a report on Thursday, August 8th. ValuEngine upgraded Atlantica Yield from a “hold” rating to a “buy” rating in a report on Thursday, May 23rd. Finally, Zacks Investment Research downgraded Atlantica Yield from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $26.67.

AY stock traded down $0.07 on Thursday, reaching $23.32. The company had a trading volume of 13,765 shares, compared to its average volume of 266,183. Atlantica Yield has a 1 year low of $17.50 and a 1 year high of $23.74. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 2.80. The firm’s fifty day moving average price is $23.07. The company has a market capitalization of $2.35 billion, a P/E ratio of 55.55 and a beta of 0.54.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.40 dividend. The ex-dividend date is Thursday, August 29th. This is an increase from Atlantica Yield’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 6.86%. Atlantica Yield’s payout ratio is 371.43%.

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new position in Atlantica Yield in the 2nd quarter valued at about $35,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Atlantica Yield in the 2nd quarter valued at about $54,000. Cohen & Steers Inc. boosted its position in Atlantica Yield by 21.1% in the 2nd quarter. Cohen & Steers Inc. now owns 2,449 shares of the utilities provider’s stock valued at $56,000 after buying an additional 427 shares during the last quarter. Quantamental Technologies LLC purchased a new position in Atlantica Yield in the 1st quarter valued at about $117,000. Finally, Osborn Williams & Donohoe LLC purchased a new position in Atlantica Yield in the 1st quarter valued at about $124,000. Institutional investors own 46.14% of the company’s stock.

Atlantica Yield Company Profile

Atlantica Yield plc acquires, owns, and manages renewable energy, natural gas power, electric transmission lines, and water assets in the United States, Mexico, Peru, Chile, Uruguay, Spain, Algeria, and South Africa. As of December 31, 2018, it had 24 assets, including 1,496 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; 1,152 miles of electric transmission lines; and water desalination plants with an aggregate capacity of 10.5 million cubic feet per day.

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