Atlantica Yield (NASDAQ:AY) Issues Quarterly Earnings Results

Atlantica Yield (NASDAQ:AY) posted its quarterly earnings results on Thursday. The utilities provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.24), Fidelity Earnings reports. The business had revenue of $293.37 million during the quarter. Atlantica Yield had a negative return on equity of 0.40% and a negative net margin of 0.68%.

Shares of NASDAQ AY traded up $0.50 during midday trading on Friday, hitting $24.53. 1,002,200 shares of the company traded hands, compared to its average volume of 389,169. Atlantica Yield has a 12-month low of $17.50 and a 12-month high of $24.75. The firm has a market cap of $2.41 billion, a P/E ratio of 58.40 and a beta of 0.46. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.14 and a current ratio of 1.16. The stock has a 50-day moving average price of $24.06 and a 200 day moving average price of $22.95.

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Several analysts have weighed in on the stock. Citigroup boosted their price target on shares of Atlantica Yield from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. BidaskClub downgraded shares of Atlantica Yield from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Raymond James reissued an “outperform” rating and issued a $27.00 price target on shares of Atlantica Yield in a research note on Friday. ValuEngine raised shares of Atlantica Yield from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Zacks Investment Research downgraded shares of Atlantica Yield from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Atlantica Yield currently has a consensus rating of “Hold” and an average price target of $27.00.

About Atlantica Yield

Atlantica Yield plc acquires, owns, and manages renewable energy, natural gas power, electric transmission lines, and water assets in the United States, Mexico, Peru, Chile, Uruguay, Spain, Algeria, and South Africa. As of December 31, 2018, it had 24 assets, including 1,496 megawatts (MW) of renewable energy generation assets comprising solar power and wind plants; 300 MW of natural gas power generation assets that produce electricity and steam from natural gas; 1,152 miles of electric transmission lines; and water desalination plants with an aggregate capacity of 10.5 million cubic feet per day.

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Earnings History for Atlantica Yield (NASDAQ:AY)

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