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

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP is expected to announce its Q1 2025 earnings results before the market opens on Friday, May 2nd. Analysts expect the company to announce earnings of ($0.25) per share and revenue of $1.73 billion for the quarter.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last released 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 negative net margin of 0.15% and a negative return on equity of 0.03%. During the same period in the prior year, the business 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 Trading Down 0.8 %

Shares of NYSE:BEP traded down $0.19 during mid-day trading on Wednesday, reaching $23.04. 469,829 shares of the company were exchanged, compared to its average volume of 573,766. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of -25.89 and a beta of 0.99. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.25 and a quick ratio of 0.73. Brookfield Renewable Partners has a 1 year low of $19.29 and a 1 year high of $29.56. The firm's 50-day simple moving average is $22.29 and its 200 day simple moving average is $23.40.

Brookfield Renewable Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a $0.373 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a boost 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 6.48%. Brookfield Renewable Partners's payout ratio is presently -167.42%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BEP. Royal Bank of Canada restated an "outperform" rating and set a $31.00 target price on shares of Brookfield Renewable Partners in a report on Monday, February 3rd. Scotiabank lifted their price objective on shares of Brookfield Renewable Partners from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Barclays assumed coverage on shares of Brookfield Renewable Partners in a report on Wednesday, April 2nd. They set an "equal weight" rating and a $27.00 target price on the stock. StockNews.com cut shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company cut their price objective on Brookfield Renewable Partners from $31.00 to $29.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, Brookfield Renewable Partners currently has an average rating of "Moderate Buy" and a consensus price target of $30.00.

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.