Altus Power (NYSE:AMPS – Get Free Report) is set to release its earnings data after the market closes on Thursday, May 9th. Analysts expect Altus Power to post earnings of ($0.06) per share for the quarter. Altus Power has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.
Altus Power (NYSE:AMPS – Get Free Report) last posted its quarterly earnings results on Thursday, March 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Altus Power had a negative return on equity of 0.30% and a negative net margin of 6.03%. The business had revenue of $34.19 million during the quarter, compared to the consensus estimate of $42.85 million. On average, analysts expect Altus Power to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Altus Power Price Performance
Shares of NYSE:AMPS opened at $4.53 on Wednesday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 2.33. The firm has a 50-day simple moving average of $4.84 and a 200 day simple moving average of $5.48. Altus Power has a fifty-two week low of $3.40 and a fifty-two week high of $7.28. The company has a market cap of $720.63 million, a PE ratio of -64.71 and a beta of 0.98.
Analyst Ratings Changes
Get Our Latest Stock Analysis on AMPS
Insider Activity at Altus Power
In other news, insider Anthony Savino sold 34,725 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $7.02, for a total value of $243,769.50. Following the sale, the insider now owns 3,907,536 shares of the company’s stock, valued at approximately $27,430,902.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Anthony Savino sold 34,725 shares of Altus Power stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $7.02, for a total value of $243,769.50. Following the transaction, the insider now owns 3,907,536 shares of the company’s stock, valued at approximately $27,430,902.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregg J. Felton bought 12,500 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average cost of $4.78 per share, with a total value of $59,750.00. Following the completion of the purchase, the chief executive officer now owns 11,894,603 shares of the company’s stock, valued at $56,856,202.34. The disclosure for this purchase can be found here. Insiders have sold 43,673 shares of company stock worth $307,748 over the last quarter. 24.30% of the stock is currently owned by company insiders.
Altus Power Company Profile
Altus Power, Inc, a clean electrification company, develops, owns, constructs, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems. It serves commercial, industrial, public sector, and community solar customers. Altus Power, Inc was founded in 2013 and is headquartered in Stamford, Connecticut.
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