Brookfield Renewable Partners (BEP) Set to Announce Quarterly Earnings on Friday

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) will be issuing its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce 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 announced its earnings results on Friday, February 2nd. The utilities provider reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.08 billion. Brookfield Renewable Partners had a return on equity of 2.23% and a net margin of 12.23%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.16) earnings per share. 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 NYSE BEP opened at $23.31 on Thursday. The stock has a market capitalization of $6.67 billion, a PE ratio of -72.84 and a beta of 0.80. Brookfield Renewable Partners has a fifty-two week low of $19.92 and a fifty-two week high of $32.76. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.57 and a quick ratio of 0.57. The business has a fifty day moving average price of $22.35 and a two-hundred day moving average price of $23.86.

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 paid a $0.355 dividend. The ex-dividend date of this dividend 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 yield of 6.09%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is -421.88%.

Wall Street Analyst Weigh In

BEP has been the subject of several research reports. Raymond James dropped their target price on Brookfield Renewable Partners from $33.00 to $32.00 and set a “strong-buy” rating for the company in a research report on Thursday, April 25th. StockNews.com cut shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research report on Monday, March 4th. National Bankshares raised their price target on shares of Brookfield Renewable Partners from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $28.00 price objective (down previously from $36.00) on shares of Brookfield Renewable Partners in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Brookfield Renewable Partners 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.