New Fortress Energy (NASDAQ:NFE – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.60 by $0.07, Briefing.com reports. The business had revenue of $690.30 million during the quarter, compared to the consensus estimate of $602.41 million. New Fortress Energy had a net margin of 22.70% and a return on equity of 36.16%. The business’s revenue was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 EPS.
New Fortress Energy Trading Up 3.9 %
NASDAQ:NFE traded up $1.02 during trading hours on Thursday, hitting $27.51. The company had a trading volume of 1,182,398 shares, compared to its average volume of 1,351,753. The stock has a 50-day moving average price of $29.61 and a 200 day moving average price of $32.81. New Fortress Energy has a 52 week low of $25.06 and a 52 week high of $40.04. The company has a market capitalization of $5.64 billion, a PE ratio of 10.34 and a beta of 1.56. The company has a debt-to-equity ratio of 3.66, a current ratio of 0.57 and a quick ratio of 0.51.
New Fortress Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 15th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.45%. New Fortress Energy’s dividend payout ratio (DPR) is presently 15.09%.
Analyst Upgrades and Downgrades
View Our Latest Analysis on NFE
New Fortress Energy Company Profile
New Fortress Energy Inc operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation.
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