Atlantica Sustainable Infrastructure (AY) Set to Announce Earnings on Wednesday

Atlantica Sustainable Infrastructure (NASDAQ:AY - Get Free Report) will be releasing its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Atlantica Sustainable Infrastructure to post earnings of ($0.12) per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Atlantica Sustainable Infrastructure (NASDAQ:AY - Get Free Report) last announced its quarterly earnings data on Friday, March 1st. The utilities provider reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.23) by $0.25. The firm had revenue of $241.31 million during the quarter, compared to analysts' expectations of $243.81 million. Atlantica Sustainable Infrastructure had a return on equity of 2.91% and a net margin of 4.43%. During the same quarter last year, the firm posted $0.03 earnings per share. On average, analysts expect Atlantica Sustainable Infrastructure to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Atlantica Sustainable Infrastructure Stock Down 0.0 %

AY traded down $0.01 during midday trading on Friday, reaching $21.41. 2,966,328 shares of the company were exchanged, compared to its average volume of 1,105,436. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 50.98, a price-to-earnings-growth ratio of 1.07 and a beta of 0.94. Atlantica Sustainable Infrastructure has a one year low of $16.35 and a one year high of $26.95. The company's fifty day moving average price is $18.45 and its 200 day moving average price is $19.09. The company has a debt-to-equity ratio of 3.14, a quick ratio of 1.57 and a current ratio of 1.62.

Atlantica Sustainable Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 12th were paid a $0.445 dividend. The ex-dividend date was Monday, March 11th. This represents a $1.78 annualized dividend and a dividend yield of 8.31%. Atlantica Sustainable Infrastructure's payout ratio is 423.82%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AY. National Bank Financial downgraded shares of Atlantica Sustainable Infrastructure from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, April 3rd. Bank of America decreased their price target on Atlantica Sustainable Infrastructure from $22.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, March 26th. BMO Capital Markets cut their price objective on shares of Atlantica Sustainable Infrastructure from $24.00 to $20.00 and set a "market perform" rating for the company in a research report on Tuesday, March 5th. UBS Group upgraded shares of Atlantica Sustainable Infrastructure from a "neutral" rating to a "buy" rating and increased their target price for the stock from $19.00 to $25.00 in a research note on Friday, March 22nd. Finally, StockNews.com cut shares of Atlantica Sustainable Infrastructure from a "hold" rating to a "sell" rating in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Atlantica Sustainable Infrastructure currently has a consensus rating of "Hold" and a consensus target price of $23.67.

About Atlantica Sustainable Infrastructure

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in North America, South America, Europe, the Middle East, and Africa. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020.