Azure Power Global (NYSE:AZRE) is set to post its quarterly earnings results after the market closes on Tuesday, February 12th. Analysts expect Azure Power Global to post earnings of ($0.12) per share for the quarter. Azure Power Global has set its FY 2018 guidance at EPS.
Azure Power Global (NYSE:AZRE) last released its earnings results on Tuesday, November 13th. The energy company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.07. Azure Power Global had a negative net margin of 1.97% and a negative return on equity of 1.73%. The company had revenue of $30.68 million during the quarter, compared to the consensus estimate of $33.00 million. On average, analysts expect Azure Power Global to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of NYSE:AZRE traded down $0.09 during trading on Monday, reaching $10.51. 12,403 shares of the company’s stock traded hands, compared to its average volume of 21,759. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 5.29. Azure Power Global has a 12 month low of $8.25 and a 12 month high of $16.92. The company has a market cap of $432.69 million, a PE ratio of -16.18 and a beta of 1.94.
AZRE has been the topic of a number of recent analyst reports. JMP Securities boosted their price target on shares of Azure Power Global from $30.00 to $31.00 and gave the company a “market outperform” rating in a report on Friday, November 16th. Barclays started coverage on shares of Azure Power Global in a report on Monday, January 7th. They set an “equal weight” rating and a $12.00 price objective for the company. Credit Suisse Group set a $22.00 price objective on shares of Azure Power Global and gave the company a “buy” rating in a research note on Wednesday, November 14th. ValuEngine upgraded shares of Azure Power Global from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, Roth Capital reiterated a “buy” rating on shares of Azure Power Global in a research report on Thursday, November 15th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $19.50.
About Azure Power Global
Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of solar power plants in India. It generates solar energy based on long-term contracts with Indian government energy distribution companies, as well as other non-governmental energy distribution companies and commercial customers.
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