Atlantica Sustainable Infrastructure (NASDAQ:AY) Posts Earnings Results

Atlantica Sustainable Infrastructure (NASDAQ:AY) issued its quarterly earnings results on Thursday. The utilities provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06), Zacks reports. Atlantica Sustainable Infrastructure had a return on equity of 2.50% and a net margin of 3.59%. The business had revenue of $328.26 million for the quarter, compared to analysts’ expectations of $315.07 million.

Atlantica Sustainable Infrastructure Stock Up 0.0 %

NASDAQ:AY traded up $0.01 during mid-day trading on Friday, hitting $22.15. The company had a trading volume of 783,144 shares, compared to its average volume of 941,688. The business has a fifty day simple moving average of $22.06 and a 200-day simple moving average of $20.26. The company has a current ratio of 1.55, a quick ratio of 1.50 and a debt-to-equity ratio of 3.25. Atlantica Sustainable Infrastructure has a 1 year low of $16.35 and a 1 year high of $23.57. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 48.15, a PEG ratio of 1.32 and a beta of 1.02.

Atlantica Sustainable Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.445 per share. The ex-dividend date is Friday, August 30th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 8.04%. Atlantica Sustainable Infrastructure’s payout ratio is 386.96%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Seaport Res Ptn lowered Atlantica Sustainable Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. National Bankshares increased their price target on Atlantica Sustainable Infrastructure from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 28th. StockNews.com assumed coverage on Atlantica Sustainable Infrastructure in a research note on Friday. They set a “sell” rating on the stock. BMO Capital Markets increased their price target on Atlantica Sustainable Infrastructure from $20.00 to $23.00 and gave the stock a “market perform” rating in a research note on Friday, May 10th. Finally, UBS Group lowered Atlantica Sustainable Infrastructure from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $22.00 in a research note on Thursday, May 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $22.67.

About Atlantica Sustainable Infrastructure

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.