Brokerages Expect Clearway Energy Inc (CWEN) to Post $0.22 EPS

Analysts forecast that Clearway Energy Inc (NYSE:CWEN) will report earnings of $0.22 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Clearway Energy’s earnings, with estimates ranging from $0.08 to $0.35. Clearway Energy reported earnings of $0.19 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 15.8%. The company is expected to announce its next earnings results on Thursday, March 7th.

According to Zacks, analysts expect that Clearway Energy will report full year earnings of $1.45 per share for the current financial year, with EPS estimates ranging from $1.22 to $1.72. For the next fiscal year, analysts expect that the business will post earnings of $2.00 per share, with EPS estimates ranging from $1.64 to $2.65. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Clearway Energy.

Clearway Energy (NYSE:CWEN) last issued its earnings results on Tuesday, November 6th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.33). Clearway Energy had a net margin of 4.32% and a return on equity of 6.01%. The business had revenue of $292.00 million for the quarter, compared to the consensus estimate of $295.37 million.

A number of research firms have issued reports on CWEN. Zacks Investment Research raised Clearway Energy from a “sell” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Monday, October 15th. TheStreet raised Clearway Energy from a “c” rating to a “b-” rating in a research note on Wednesday, October 31st. Finally, ValuEngine downgraded Clearway Energy from a “hold” rating to a “sell” rating in a research note on Friday, November 16th.

NYSE:CWEN opened at $18.01 on Friday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.52 and a current ratio of 0.56. Clearway Energy has a 1 year low of $15.55 and a 1 year high of $20.75. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 0.48 and a beta of 1.83.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a $0.331 dividend. This is an increase from Clearway Energy’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, November 30th. This represents a $1.32 dividend on an annualized basis and a yield of 7.35%. Clearway Energy’s payout ratio is presently 158.02%.

In other news, major shareholder Infrastructure Investor Global acquired 59,727 shares of Clearway Energy stock in a transaction on Thursday, November 8th. The shares were acquired at an average price of $19.75 per share, with a total value of $1,179,608.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.24% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Kayne Anderson Capital Advisors LP bought a new stake in Clearway Energy in the 3rd quarter worth approximately $107,000. Whittier Trust Co. bought a new stake in Clearway Energy in the 3rd quarter worth approximately $114,000. Point72 Hong Kong Ltd bought a new stake in Clearway Energy in the 3rd quarter worth approximately $129,000. NEXT Financial Group Inc bought a new stake in Clearway Energy in the 3rd quarter worth approximately $186,000. Finally, Gilman Hill Asset Management LLC purchased a new position in shares of Clearway Energy in the 3rd quarter worth approximately $193,000. 31.47% of the stock is currently owned by institutional investors and hedge funds.

Clearway Energy Company Profile

Clearway Energy, Inc, through its subsidiaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2017, it had contracted renewable and conventional generation portfolio of 5,118 net megawatt (MW).

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