Brookfield Renewable (NYSE:BEPC) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Brookfield Renewable (NYSE:BEPC) posted its quarterly earnings data on Friday. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.04), Zacks reports. Brookfield Renewable had a return on equity of 0.79% and a net margin of 2.37%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the firm earned ($0.14) EPS.

Brookfield Renewable Stock Performance

Shares of BEPC traded down $0.73 during mid-day trading on Monday, hitting $30.59. 664,404 shares of the company traded hands, compared to its average volume of 965,569. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a 50-day moving average price of $31.00 and a two-hundred day moving average price of $29.88. Brookfield Renewable has a 1 year low of $21.35 and a 1 year high of $35.14. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of -37.30 and a beta of 1.20.

Brookfield Renewable Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.355 per share. The ex-dividend date is Friday, November 29th. This represents a $1.42 annualized dividend and a dividend yield of 4.64%. Brookfield Renewable’s payout ratio is -173.17%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their target price on shares of Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, October 17th.

Brookfield Renewable Company Profile

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.