Brookfield Renewable (TSE:BEPC) Issues Quarterly Earnings Results

Brookfield Renewable (TSE:BEPC) issued its quarterly earnings data on Friday. The company reported C($2.95) EPS for the quarter, reports. The company had revenue of C$1.53 billion for the quarter. Brookfield Renewable had a positive return on equity of 520.67% and a negative net margin of 127.72%.

Brookfield Renewable Trading Up 0.8%

BEPC stock traded up C$0.37 during midday trading on Friday, reaching C$46.78. The stock had a trading volume of 431,163 shares, compared to its average volume of 294,860. The firm has a market cap of C$8.53 billion, a price-to-earnings ratio of -1.87, a PEG ratio of 0.84 and a beta of 1.21. Brookfield Renewable has a twelve month low of C$44.86 and a twelve month high of C$63.11. The company has a quick ratio of 0.18, a current ratio of 0.33 and a debt-to-equity ratio of -570.82. The business has a fifty day simple moving average of C$51.19 and a two-hundred day simple moving average of C$53.93.

Brookfield Renewable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a $0.392 dividend. This represents a $1.57 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, May 29th. Brookfield Renewable’s dividend payout ratio (DPR) is presently -6.03%.

Wall Street Analysts Forecast Growth

Separately, Desjardins boosted their target price on shares of Brookfield Renewable from C$48.00 to C$49.00 and gave the stock a “hold” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$49.00.

Brookfield Renewable Company Profile

Brookfield operates Brookfield Renewable Partners (NYSE: BEP, BEPC TSX: BEP.UN, BEPC), one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities and our sustainable solutions assets include our investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others.