Ormat Technologies, Inc. (ORA) To Go Ex-Dividend on May 20th

Ormat Technologies, Inc. (NYSE:ORA) declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Wednesday, May 20th will be given a dividend of 0.12 per share by the energy company on Wednesday, June 3rd. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, May 20th.

Ormat Technologies has increased its dividend by an average of 0.0%per year over the last three years. Ormat Technologies has a payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ormat Technologies to earn $2.48 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 19.4%.

Ormat Technologies Price Performance

Shares of NYSE:ORA opened at $131.52 on Monday. The company’s fifty day moving average price is $113.73 and its 200-day moving average price is $114.42. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.07 and a quick ratio of 1.02. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 63.84, a PEG ratio of 5.63 and a beta of 0.80. Ormat Technologies has a one year low of $70.42 and a one year high of $138.51.

Ormat Technologies (NYSE:ORA) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.38. Ormat Technologies had a return on equity of 6.61% and a net margin of 10.97%.The business had revenue of $403.91 million for the quarter, compared to the consensus estimate of $349.17 million. During the same quarter last year, the business posted $0.68 earnings per share. The company’s revenue for the quarter was up 75.8% on a year-over-year basis. On average, equities research analysts anticipate that Ormat Technologies will post 2.33 earnings per share for the current fiscal year.

Ormat Technologies Company Profile

Ormat Technologies, Inc is a leading renewable energy company specializing in geothermal and recovered energy power plants. Through its vertically integrated business model, Ormat designs, develops, engineers, constructs, owns and operates clean energy projects worldwide. The company’s core technology centers on the Organic Rankine Cycle (ORC), which converts heat from geothermal sources or industrial waste streams into sustainable electricity without combustion.

Ormat’s offering includes turnkey power plant solutions, proprietary ORC equipment and ongoing operations and maintenance services.