Brookfield Renewable (NYSE:BEPC) Releases Earnings Results, Beats Expectations By $0.27 EPS

Brookfield Renewable (NYSE:BEPC - Get Free Report) posted its earnings results on Friday. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.33) by $0.27, Zacks reports. Brookfield Renewable had a negative return on equity of 0.06% and a negative net margin of 0.15%.

Brookfield Renewable Price Performance

NYSE:BEPC traded up $0.47 on Tuesday, hitting $26.37. The company had a trading volume of 1,086,757 shares, compared to its average volume of 1,212,015. Brookfield Renewable has a 52 week low of $21.35 and a 52 week high of $35.14. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of -29.63 and a beta of 1.22. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average of $28.11 and a two-hundred day moving average of $29.31.

Brookfield Renewable Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.373 dividend. This is a positive change from Brookfield Renewable's previous quarterly dividend of $0.36. The ex-dividend date is Friday, February 28th. This represents a $1.49 annualized dividend and a dividend yield of 5.66%. Brookfield Renewable's dividend payout ratio (DPR) is presently -159.55%.

Wall Street Analysts Forecast Growth

BEPC has been the subject of a number of analyst reports. Wells Fargo & Company dropped their price target on shares of Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Monday. JPMorgan Chase & Co. dropped their price objective on Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd.

About Brookfield Renewable

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.