Brokerages predict that Clearway Energy, Inc. (NYSE:CWEN – Get Rating) will post earnings of $0.30 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Clearway Energy’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.27. Clearway Energy also posted earnings of $0.30 per share in the same quarter last year. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Clearway Energy will report full year earnings of $0.67 per share for the current fiscal year, with EPS estimates ranging from $0.34 to $1.10. For the next financial year, analysts expect that the firm will post earnings of $0.93 per share, with EPS estimates ranging from $0.09 to $1.59. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Clearway Energy.
Clearway Energy (NYSE:CWEN – Get Rating) last posted its earnings results on Thursday, May 5th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.16). Clearway Energy had a net margin of 1.27% and a return on equity of 0.52%. The firm had revenue of $214.00 million during the quarter, compared to analyst estimates of $244.91 million.
Hedge funds have recently modified their holdings of the stock. Benjamin Edwards Inc. bought a new stake in shares of Clearway Energy in the fourth quarter valued at approximately $28,000. AdvisorNet Financial Inc lifted its stake in Clearway Energy by 300.0% during the fourth quarter. AdvisorNet Financial Inc now owns 800 shares of the company’s stock worth $29,000 after purchasing an additional 600 shares during the last quarter. Van ECK Associates Corp lifted its stake in Clearway Energy by 67.9% during the first quarter. Van ECK Associates Corp now owns 851 shares of the company’s stock worth $31,000 after purchasing an additional 344 shares during the last quarter. National Bank of Canada FI bought a new stake in Clearway Energy during the fourth quarter worth $39,000. Finally, Prospera Financial Services Inc bought a new stake in Clearway Energy during the first quarter worth $50,000. Institutional investors and hedge funds own 34.38% of the company’s stock.
Shares of Clearway Energy stock traded up $0.33 on Monday, hitting $31.33. The stock had a trading volume of 513,855 shares, compared to its average volume of 959,534. Clearway Energy has a twelve month low of $25.20 and a twelve month high of $39.75. The business’s 50 day moving average is $34.38 and its two-hundred day moving average is $34.73. The company has a quick ratio of 0.87, a current ratio of 0.90 and a debt-to-equity ratio of 2.22. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 241.00, a price-to-earnings-growth ratio of 6.99 and a beta of 0.68.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be paid a $0.354 dividend. This is a boost from Clearway Energy’s previous quarterly dividend of $0.35. This represents a $1.42 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Tuesday, May 31st. Clearway Energy’s payout ratio is 1,069.23%.
About Clearway Energy (Get Rating)
Clearway Energy, Inc, through its subsidiaries, engages in the renewable energy businesses in the United States. It had approximately 5,000 net megawatts (MW) of installed wind and solar generation projects; and approximately 2,500 net MW of natural gas generation facilities, as well as a portfolio of district energy systems.
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