Brookfield Renewable Partners (BEP) to Release Earnings on Friday

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP is projected to announce its Q4 2024 earnings results before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of ($0.22) per share and revenue of $1.45 billion for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last announced its quarterly earnings results on Friday, January 31st. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.16. Brookfield Renewable Partners had a net margin of 1.16% and a return on equity of 0.24%. During the same quarter in the prior year, the firm posted $0.01 EPS. On average, analysts expect Brookfield Renewable Partners to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Brookfield Renewable Partners Stock Performance

Brookfield Renewable Partners stock traded up $1.20 during midday trading on Friday, reaching $21.90. 1,682,281 shares of the company traded hands, compared to its average volume of 917,980. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.73 and a quick ratio of 0.73. Brookfield Renewable Partners has a 12 month low of $19.92 and a 12 month high of $29.56. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of -26.70 and a beta of 0.95. The business has a 50 day moving average of $23.03 and a two-hundred day moving average of $24.72.

Brookfield Renewable Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.373 dividend. This is an increase from Brookfield Renewable Partners's previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a dividend yield of 6.81%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Renewable Partners's dividend payout ratio (DPR) is -173.17%.

Analyst Ratings Changes

BEP has been the topic of several research reports. JPMorgan Chase & Co. dropped their target price on Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Royal Bank of Canada reissued an "outperform" rating and issued a $31.00 price objective on shares of Brookfield Renewable Partners in a report on Wednesday, October 9th. CIBC upped their target price on shares of Brookfield Renewable Partners from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. Scotiabank dropped their price target on shares of Brookfield Renewable Partners from $32.00 to $28.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, National Bankshares reduced their price objective on Brookfield Renewable Partners from $33.00 to $32.00 and set an "outperform" rating for the company in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Brookfield Renewable Partners presently has an average rating of "Moderate Buy" and a consensus target price of $31.78.

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.