New Fortress Energy (NASDAQ:NFE – Get Free Report) released its earnings results on Wednesday. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07, Briefing.com reports. New Fortress Energy had a return on equity of 36.16% and a net margin of 22.70%. The firm had revenue of $690.30 million for the quarter, compared to the consensus estimate of $602.41 million. During the same period in the prior year, the firm earned $0.90 EPS. The firm’s revenue was up 19.2% on a year-over-year basis.
New Fortress Energy Price Performance
NFE stock traded up $1.01 during mid-day trading on Thursday, reaching $27.50. The company’s stock had a trading volume of 1,146,242 shares, compared to its average volume of 1,351,409. The stock has a market cap of $5.64 billion, a PE ratio of 10.34 and a beta of 1.56. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 3.66. New Fortress Energy has a fifty-two week low of $25.06 and a fifty-two week high of $40.04. The company’s 50 day moving average is $29.61 and its two-hundred day moving average is $32.81.
New Fortress Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.45%. New Fortress Energy’s dividend payout ratio (DPR) is presently 15.09%.
Analyst Ratings Changes
Get Our Latest Stock Analysis on NFE
New Fortress Energy Company Profile
New Fortress Energy Inc operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation.
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