XPLR Infrastructure (NYSE:XIFR) Posts Quarterly Earnings Results, Misses Estimates By $1.30 EPS

XPLR Infrastructure (NYSE:XIFR - Get Free Report) posted its quarterly earnings results on Thursday. The solar energy provider reported ($1.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($1.30), Briefing.com reports. XPLR Infrastructure had a positive return on equity of 1.34% and a negative net margin of 0.73%. The company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS.

XPLR Infrastructure Trading Up 2.7%

Shares of XIFR stock traded up $0.24 during mid-day trading on Monday, hitting $9.20. The company's stock had a trading volume of 2,758,036 shares, compared to its average volume of 2,766,595. The company's fifty day simple moving average is $8.78 and its 200-day simple moving average is $12.97. XPLR Infrastructure has a 52 week low of $7.53 and a 52 week high of $35.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02. The company has a market cap of $864.45 million, a PE ratio of -92.00 and a beta of 0.93.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on XIFR shares. BNP Paribas raised shares of XPLR Infrastructure from an "underperform" rating to a "neutral" rating in a research note on Monday, February 3rd. Guggenheim dropped their price objective on shares of XPLR Infrastructure from $17.00 to $12.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. Jefferies Financial Group dropped their price objective on shares of XPLR Infrastructure from $25.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. BMO Capital Markets reissued a "market perform" rating and issued a $18.00 price objective (down previously from $26.00) on shares of XPLR Infrastructure in a research note on Monday, January 13th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $13.00 price objective (down previously from $22.00) on shares of XPLR Infrastructure in a research note on Monday, February 3rd. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, XPLR Infrastructure currently has a consensus rating of "Hold" and a consensus price target of $17.64.

About XPLR Infrastructure

XPLR Infrastructure LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.