XPLR Infrastructure (NYSE:XIFR) Releases Earnings Results, Beats Expectations By $0.64 EPS

Key Points

• XPLR Infrastructure reported earnings of $0.84 per share, significantly exceeding analysts' expectations of $0.20 by $0.64.
• The company's quarterly revenue was $342.00 million, falling short of the expected $359.64 million and marking a 5.0% decrease year-over-year.
• Analysts have mixed ratings for the stock, with two buy ratings and nine hold ratings, while the average price target is set at $16.77.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) issued its quarterly earnings data on Thursday. The solar energy provider reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.64, Zacks reports. XPLR Infrastructure had a negative net margin of 12.94% and a positive return on equity of 1.80%. The business had revenue of $342.00 million for the quarter, compared to analysts' expectations of $359.64 million. The firm's quarterly revenue was down 5.0% on a year-over-year basis.

XPLR Infrastructure Stock Performance

Shares of NYSE XIFR traded up $0.99 during trading hours on Friday, reaching $9.89. The stock had a trading volume of 2,622,669 shares, compared to its average volume of 928,948. The business's fifty day moving average is $8.92 and its two-hundred day moving average is $9.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.85 and a quick ratio of 1.76. The company has a market cap of $929.66 million, a price-to-earnings ratio of -5.75 and a beta of 0.86. XPLR Infrastructure has a twelve month low of $7.53 and a twelve month high of $28.25.

Analyst Ratings Changes

XIFR has been the topic of several recent analyst reports. Jefferies Financial Group boosted their price objective on XPLR Infrastructure from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Mizuho cut their price objective on XPLR Infrastructure from $15.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, May 12th. Finally, Barclays boosted their price objective on XPLR Infrastructure from $6.00 to $9.00 and gave the stock an "underweight" rating in a report on Monday, May 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, XPLR Infrastructure currently has an average rating of "Hold" and an average price target of $16.77.

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.

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