Brookfield Renewable Partners (BEP) Expected to Announce Quarterly Earnings on Friday

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP is expected to issue its quarterly earnings data before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of ($0.22) per share and revenue of $1.45 billion for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last issued its quarterly earnings results on Friday, November 8th. The utilities provider reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.28). Brookfield Renewable Partners had a net margin of 1.16% and a return on equity of 0.24%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $843.18 million. During the same quarter last year, the firm posted ($0.14) earnings per share. On average, analysts expect Brookfield Renewable Partners to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Brookfield Renewable Partners Price Performance

BEP traded down $0.12 on Wednesday, hitting $20.63. 559,562 shares of the stock were exchanged, compared to its average volume of 1,019,869. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of -25.16 and a beta of 0.95. The business has a 50-day moving average of $23.28 and a two-hundred day moving average of $24.81. Brookfield Renewable Partners has a 12 month low of $19.92 and a 12 month high of $29.56.

Brookfield Renewable Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Renewable Partners's dividend payout ratio is presently -173.17%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BEP shares. Scotiabank dropped their price objective on Brookfield Renewable Partners from $32.00 to $28.00 and set a "sector outperform" rating for the company in a research report on Thursday, January 23rd. CIBC increased their target price on shares of Brookfield Renewable Partners from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Thursday, January 9th. StockNews.com lowered shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a report on Thursday, December 26th. National Bankshares dropped their price objective on shares of Brookfield Renewable Partners from $33.00 to $32.00 and set an "outperform" rating for the company in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.78.

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.