Analysts expect Atlantica Yield PLC (NASDAQ:AY) to post earnings of $0.62 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Atlantica Yield’s earnings. Atlantica Yield reported earnings of $0.30 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 106.7%. The business is scheduled to announce its next quarterly earnings results on Monday, November 12th.

According to Zacks, analysts expect that Atlantica Yield will report full-year earnings of $0.61 per share for the current financial year, with EPS estimates ranging from $0.20 to $1.01. For the next financial year, analysts expect that the firm will post earnings of $0.89 per share, with EPS estimates ranging from $0.46 to $1.32. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Atlantica Yield.

Atlantica Yield (NASDAQ:AY) last announced its earnings results on Monday, August 6th. The utilities provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.44. Atlantica Yield had a negative net margin of 5.50% and a positive return on equity of 1.95%. The business had revenue of $287.85 million during the quarter.

Several equities research analysts have weighed in on AY shares. Royal Bank of Canada reaffirmed a “buy” rating and issued a $24.00 price target on shares of Atlantica Yield in a research note on Tuesday, July 24th. BidaskClub downgraded shares of Atlantica Yield from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Raymond James started coverage on shares of Atlantica Yield in a research note on Wednesday, June 20th. They issued an “outperform” rating and a $26.00 price target for the company. Zacks Investment Research downgraded shares of Atlantica Yield from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Finally, Bank of America lifted their price target on shares of Atlantica Yield from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $25.20.

Hedge funds and other institutional investors have recently modified their holdings of the company. Melqart Asset Management UK Ltd boosted its holdings in 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 last quarter. Indaba Capital Management L.P. boosted its holdings in 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 last quarter. BlackRock Inc. boosted its holdings in 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 last quarter. Acadian Asset Management LLC boosted its holdings in 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 last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Atlantica Yield by 28.4% during the first quarter. Dimensional Fund Advisors LP now owns 985,660 shares of the utilities provider’s stock worth $19,299,000 after purchasing an additional 218,125 shares during the last quarter. Hedge funds and other institutional investors own 49.50% of the company’s stock.

AY traded up $0.32 during midday trading on Friday, hitting $21.04. The company had a trading volume of 338,380 shares, compared to its average volume of 171,687. Atlantica Yield has a 52 week low of $18.00 and a 52 week high of $25.99. The company has a current ratio of 2.51, a quick ratio of 2.47 and a debt-to-equity ratio of 2.99. The company has a market cap of $2.07 billion, a P/E ratio of -116.86 and a beta of 0.97.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 15th. Stockholders of record on Friday, August 31st will be issued a dividend of $0.34 per share. This is a boost from Atlantica Yield’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date is Thursday, August 30th. Atlantica Yield’s dividend payout ratio (DPR) is currently -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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