Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI) Expected to Announce Quarterly Sales of $16.60 Million

Wall Street brokerages predict that Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) will post sales of $16.60 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Hannon Armstrong Sustnbl Infrstr Cap’s earnings, with the highest sales estimate coming in at $17.43 million and the lowest estimate coming in at $15.56 million. Hannon Armstrong Sustnbl Infrstr Cap posted sales of $16.79 million during the same quarter last year, which would suggest a negative year over year growth rate of 1.1%. The business is scheduled to issue its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will report full year sales of $72.72 million for the current financial year, with estimates ranging from $65.30 million to $89.00 million. For the next fiscal year, analysts expect that the business will report sales of $76.31 million, with estimates ranging from $61.10 million to $95.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Hannon Armstrong Sustnbl Infrstr Cap.

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last released its quarterly earnings data on Thursday, February 21st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.08. Hannon Armstrong Sustnbl Infrstr Cap had a net margin of 39.53% and a return on equity of 9.61%. The company had revenue of $19.74 million during the quarter, compared to the consensus estimate of $14.65 million.



HASI has been the subject of several research analyst reports. Cowen set a $30.00 price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the company a “buy” rating in a research note on Tuesday, February 26th. B. Riley initiated coverage on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research note on Thursday, March 14th. They issued a “buy” rating and a $29.00 price objective for the company. ValuEngine upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Roth Capital set a $30.00 price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, Zacks Investment Research downgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $26.50.

NYSE HASI opened at $26.17 on Wednesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 29.45 and a quick ratio of 26.46. Hannon Armstrong Sustnbl Infrstr Cap has a 1 year low of $17.76 and a 1 year high of $27.87. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 21.99, a P/E/G ratio of 10.07 and a beta of 1.08.

In other news, EVP Daniel K. Mcmahon sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $24.73, for a total value of $123,650.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nathaniel Rose sold 10,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $26.37, for a total transaction of $263,700.00. Following the completion of the sale, the executive vice president now directly owns 290,654 shares of the company’s stock, valued at $7,664,545.98. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $640,250 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Several large investors have recently made changes to their positions in HASI. Geode Capital Management LLC raised its holdings in Hannon Armstrong Sustnbl Infrstr Cap by 22.0% during the fourth quarter. Geode Capital Management LLC now owns 635,024 shares of the real estate investment trust’s stock worth $12,096,000 after purchasing an additional 114,362 shares in the last quarter. Atlas Brown Inc. purchased a new position in Hannon Armstrong Sustnbl Infrstr Cap during the first quarter worth about $264,000. MetLife Investment Advisors LLC raised its holdings in Hannon Armstrong Sustnbl Infrstr Cap by 54.1% during the third quarter. MetLife Investment Advisors LLC now owns 36,169 shares of the real estate investment trust’s stock worth $777,000 after purchasing an additional 12,691 shares in the last quarter. Federated Investors Inc. PA purchased a new position in Hannon Armstrong Sustnbl Infrstr Cap during the third quarter worth about $7,249,000. Finally, JPMorgan Chase & Co. raised its holdings in Hannon Armstrong Sustnbl Infrstr Cap by 23.4% during the third quarter. JPMorgan Chase & Co. now owns 369,198 shares of the real estate investment trust’s stock worth $7,927,000 after purchasing an additional 70,126 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

About Hannon Armstrong Sustnbl Infrstr Cap

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include energy efficiency projects that reduce a building's or facility's energy usage or cost through the use of solar generation, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

Read More: Dividend Stocks – Are They Right For You?

Get a free copy of the Zacks research report on Hannon Armstrong Sustnbl Infrstr Cap (HASI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI)

Receive News & Ratings for Hannon Armstrong Sustnbl Infrstr Cap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hannon Armstrong Sustnbl Infrstr Cap and related companies with MarketBeat.com's FREE daily email newsletter.