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

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) will post its quarterly earnings results before the market opens on Friday, May 3rd. Analysts expect Brookfield Renewable Partners to post earnings of $0.02 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last issued its quarterly earnings data on Friday, February 2nd. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. Brookfield Renewable Partners had a return on equity of 2.23% and a net margin of 12.23%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the firm earned ($0.16) EPS. Brookfield Renewable Partners’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, analysts expect Brookfield Renewable Partners to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Brookfield Renewable Partners Price Performance

Shares of BEP opened at $21.30 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a 50 day simple moving average of $22.51 and a 200 day simple moving average of $23.84. Brookfield Renewable Partners has a 52-week low of $19.92 and a 52-week high of $32.76. The firm has a market capitalization of $6.09 billion, a PE ratio of -66.56 and a beta of 0.80.

Brookfield Renewable Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a $0.355 dividend. The ex-dividend date was Wednesday, February 28th. This is a positive change from Brookfield Renewable Partners’s previous quarterly dividend of $0.34. This represents a $1.42 annualized dividend and a dividend yield of 6.67%. Brookfield Renewable Partners’s payout ratio is currently -421.88%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BEP shares. National Bankshares boosted their price objective on Brookfield Renewable Partners from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Raymond James cut their target price on Brookfield Renewable Partners from $33.00 to $32.00 and set a “strong-buy” rating on the stock in a research note on Thursday. StockNews.com cut Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $28.00 target price (down previously from $36.00) on shares of Brookfield Renewable Partners in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.50.

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.