Brokerages expect Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) to post earnings of $0.33 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Hannon Armstrong Sustnbl Infrstr Cap’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.36. Hannon Armstrong Sustnbl Infrstr Cap posted earnings per share of $0.34 during the same quarter last year, which would suggest a negative year over year growth rate of 2.9%. The business is scheduled to announce its next earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will report full year earnings of $1.32 per share for the current fiscal year, with EPS estimates ranging from $1.31 to $1.32. For the next fiscal year, analysts expect that the company will report earnings of $1.38 per share, with EPS estimates ranging from $1.35 to $1.41. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Hannon Armstrong Sustnbl Infrstr Cap.
Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last issued its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). The company had revenue of $9.20 million for the quarter, compared to the consensus estimate of $10.24 million. Hannon Armstrong Sustnbl Infrstr Cap had a return on equity of 8.40% and a net margin of 20.45%.
A number of brokerages have commented on HASI. JPMorgan Chase & Co. began coverage on Hannon Armstrong Sustnbl Infrstr Cap in a report on Thursday, June 14th. They set an “overweight” rating and a $23.00 price objective for the company. ValuEngine lowered Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “strong sell” rating in a report on Monday, June 11th. Zacks Investment Research upgraded Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “hold” rating in a research note on Thursday, May 10th. UBS Group initiated coverage on Hannon Armstrong Sustnbl Infrstr Cap in a research note on Thursday, March 15th. They issued a “buy” rating and a $21.00 target price on the stock. Finally, Cowen set a $28.00 target price on Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a “buy” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $25.89.
HASI traded down $0.02 during midday trading on Friday, reaching $19.02. 5,147 shares of the company were exchanged, compared to its average volume of 380,416. The company has a debt-to-equity ratio of 2.28, a quick ratio of 38.94 and a current ratio of 38.94. The firm has a market capitalization of $993.15 million, a P/E ratio of 18.03, a P/E/G ratio of 2.59 and a beta of 0.83. Hannon Armstrong Sustnbl Infrstr Cap has a one year low of $17.33 and a one year high of $25.28.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 12th. Stockholders of record on Thursday, July 5th will be paid a $0.33 dividend. The ex-dividend date is Tuesday, July 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.94%. Hannon Armstrong Sustnbl Infrstr Cap’s payout ratio is presently 125.71%.
In other news, insider Jeffrey Eckel acquired 2,250 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The shares were acquired at an average price of $18.62 per share, for a total transaction of $41,895.00. Following the completion of the purchase, the insider now owns 877,520 shares in the company, valued at $16,339,422.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Cirilli acquired 5,555 shares of the company’s stock in a transaction that occurred on Thursday, June 7th. The stock was purchased at an average price of $18.15 per share, for a total transaction of $100,823.25. Following the purchase, the director now owns 67,947 shares of the company’s stock, valued at approximately $1,233,238.05. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 22,435 shares of company stock worth $411,277. 5.30% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in Hannon Armstrong Sustnbl Infrstr Cap in the first quarter valued at approximately $101,000. AllSquare Wealth Management LLC purchased a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap during the fourth quarter worth $171,000. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap during the first quarter worth $149,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap during the first quarter worth $251,000. Finally, Atria Investments LLC lifted its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 35.5% during the first quarter. Atria Investments LLC now owns 15,144 shares of the real estate investment trust’s stock worth $295,000 after acquiring an additional 3,967 shares in the last quarter. Institutional investors and hedge funds own 71.80% of the company’s stock.
Hannon Armstrong Sustnbl Infrstr Cap Company Profile
Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include energy efficiency projects that reduce a building's or facility's energy usage or cost through enhancing or installing various building components, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.
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