Zacks: Brokerages Anticipate Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) Will Post Earnings of $0.36 Per Share

Equities research analysts predict that Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) will report earnings of $0.36 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Hannon Armstrong Sustnbl Infrstr Cap’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.37. Hannon Armstrong Sustnbl Infrstr Cap also reported earnings of $0.36 per share in the same quarter last year. The firm is expected to issue its next quarterly earnings results on Thursday, November 7th.

On average, analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will report full-year earnings of $1.37 per share for the current year, with EPS estimates ranging from $1.35 to $1.40. For the next year, analysts anticipate that the business will post earnings of $1.44 per share, with EPS estimates ranging from $1.41 to $1.47. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Hannon Armstrong Sustnbl Infrstr Cap.

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.04). The business had revenue of $16.40 million for the quarter, compared to analyst estimates of $16.55 million. Hannon Armstrong Sustnbl Infrstr Cap had a net margin of 37.56% and a return on equity of 8.75%.



Several research analysts recently weighed in on the company. Roth Capital set a $30.00 price target on Hannon Armstrong Sustnbl Infrstr Cap and gave the company a “buy” rating in a research report on Thursday, May 2nd. Zacks Investment Research lowered Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Hannon Armstrong Sustnbl Infrstr Cap has a consensus rating of “Buy” and an average price target of $26.75.

NYSE:HASI traded up $0.35 during trading hours on Monday, hitting $27.52. 182,202 shares of the company’s stock traded hands, compared to its average volume of 371,818. The firm has a market cap of $1.76 billion, a P/E ratio of 23.13, a P/E/G ratio of 10.71 and a beta of 1.03. Hannon Armstrong Sustnbl Infrstr Cap has a twelve month low of $18.83 and a twelve month high of $28.67. The company has a debt-to-equity ratio of 1.24, a quick ratio of 23.23 and a current ratio of 23.23. The stock’s fifty day moving average price is $27.77 and its two-hundred day moving average price is $26.19.

In other Hannon Armstrong Sustnbl Infrstr Cap news, EVP Steven Chuslo sold 11,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $27.27, for a total value of $299,970.00. Following the transaction, the executive vice president now directly owns 303,404 shares of the company’s stock, valued at approximately $8,273,827.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Charles Melko sold 2,952 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $27.11, for a total value of $80,028.72. Following the completion of the transaction, the chief accounting officer now directly owns 30,727 shares in the company, valued at $833,008.97. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 5.2% during the 2nd quarter. HighTower Advisors LLC now owns 9,079 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 448 shares in the last quarter. Strs Ohio boosted its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 3.1% during the 2nd quarter. Strs Ohio now owns 16,400 shares of the real estate investment trust’s stock worth $462,000 after acquiring an additional 500 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 1.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 53,037 shares of the real estate investment trust’s stock worth $1,495,000 after acquiring an additional 562 shares in the last quarter. Glassman Wealth Services boosted its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 129.9% during the 1st quarter. Glassman Wealth Services now owns 1,129 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 638 shares in the last quarter. Finally, ETF Managers Group LLC boosted its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 10.4% during the 1st quarter. ETF Managers Group LLC now owns 7,597 shares of the real estate investment trust’s stock worth $195,000 after acquiring an additional 717 shares in the last quarter. Institutional investors own 71.56% of the company’s stock.

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.

Further Reading: What Are Cryptocurrencies?

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.