Brookfield Renewable Partners (BEP) Scheduled to Post Earnings on Friday

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) is set to post its quarterly earnings results before the market opens on Friday, May 3rd. Analysts expect Brookfield Renewable Partners to post earnings of $0.02 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last issued its quarterly earnings results on Friday, February 2nd. The utilities provider reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Brookfield Renewable Partners had a return on equity of 2.23% and a net margin of 12.23%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.16) earnings per share. On average, analysts expect Brookfield Renewable Partners to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Brookfield Renewable Partners Stock Performance

Shares of BEP opened at $20.99 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.85. The business has a 50-day simple moving average of $22.36 and a two-hundred day simple moving average of $23.86. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of -65.59 and a beta of 0.80. Brookfield Renewable Partners has a 52 week low of $19.92 and a 52 week high of $32.76.

Brookfield Renewable Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a dividend of $0.355 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.42 annualized dividend and a dividend yield of 6.77%. This is a boost from Brookfield Renewable Partners’s previous quarterly dividend of $0.34. Brookfield Renewable Partners’s dividend payout ratio (DPR) is currently -421.88%.

Analyst Ratings Changes

BEP has been the subject of several research analyst reports. National Bankshares increased their target price on Brookfield Renewable Partners from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Raymond James cut their price target on Brookfield Renewable Partners from $33.00 to $32.00 and set a “strong-buy” rating for the company in a report on Thursday, April 25th. StockNews.com cut Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a report on Monday, March 4th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $28.00 price target (down previously from $36.00) on shares of Brookfield Renewable Partners in a report on Monday, February 12th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.50.

Brookfield Renewable Partners Company Profile

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.