NRG Yield, Inc. (NYSE:NYLD) Releases Earnings Results, Misses Estimates By $0.31 EPS

NRG Yield, Inc. (NYSE:NYLD) announced its earnings results on Thursday, November 2nd. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.31), Briefing.com reports. The firm had revenue of $265.00 million during the quarter, compared to analyst estimates of $311.81 million. NRG Yield had a net margin of 4.10% and a return on equity of 1.76%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 EPS.

Shares of NRG Yield (NYSE:NYLD) traded down $0.05 during midday trading on Monday, reaching $19.55. The company’s stock had a trading volume of 693,500 shares, compared to its average volume of 539,956. The firm has a market cap of $3,612.43, a PE ratio of 46.55, a PEG ratio of 0.97 and a beta of 2.53. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.06 and a quick ratio of 0.98. NRG Yield has a 52-week low of $14.60 and a 52-week high of $20.00.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.288 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from NRG Yield’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a yield of 5.89%. NRG Yield’s payout ratio is currently 266.67%.

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A number of research firms have weighed in on NYLD. BidaskClub upgraded NRG Yield from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research downgraded NRG Yield from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Goldman Sachs Group, Inc. (The) downgraded NRG Yield from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Wednesday, October 11th. Bank of America Corporation assumed coverage on NRG Yield in a research note on Tuesday, October 24th. They set a “neutral” rating and a $18.00 target price for the company. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $17.00 target price on shares of NRG Yield in a research note on Monday, July 31st. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. NRG Yield presently has an average rating of “Hold” and an average price target of $19.75.

NRG Yield Company Profile

NRG Yield, Inc serves as the primary vehicle, through which NRG Energy, Inc owns, operates and acquires contracted renewable and conventional generation and thermal infrastructure assets. It owns a diversified portfolio of contracted renewable and conventional generation and thermal infrastructure assets in the United States.

Earnings History for NRG Yield (NYSE:NYLD)

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