Atlantica Sustainable Infrastructure (NASDAQ:AY – Get Free Report) posted its earnings results on Wednesday. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07, Zacks reports. The company had revenue of $242.93 million during the quarter, compared to analysts’ expectations of $240.87 million. Atlantica Sustainable Infrastructure had a net margin of 4.43% and a return on equity of 2.91%. During the same quarter in the previous year, the company posted ($0.09) earnings per share.
Atlantica Sustainable Infrastructure Trading Up 1.6 %
AY traded up $0.34 during midday trading on Thursday, reaching $22.00. 1,561,000 shares of the company were exchanged, compared to its average volume of 1,120,128. The stock has a market capitalization of $2.55 billion, a P/E ratio of 52.26, a PEG ratio of 1.10 and a beta of 0.94. Atlantica Sustainable Infrastructure has a one year low of $16.35 and a one year high of $26.95. The stock’s 50-day simple moving average is $18.68 and its 200 day simple moving average is $19.20. The company has a debt-to-equity ratio of 3.14, a quick ratio of 1.57 and a current ratio of 1.62.
Atlantica Sustainable Infrastructure Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.445 per share. The ex-dividend date is Friday, May 31st. This represents a $1.78 dividend on an annualized basis and a dividend yield of 8.09%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is presently 423.81%.
Analysts Set New Price Targets
Get Our Latest Research Report on AY
Atlantica Sustainable Infrastructure Company Profile
Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in North America, South America, Europe, the Middle East, and Africa. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020.
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