Brookfield Renewable (NYSE:BEPC) Issues Earnings Results, Beats Estimates By $0.27 EPS

Brookfield Renewable (NYSE:BEPC) released its earnings results on Friday. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.27, Zacks reports. Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%.

Brookfield Renewable Stock Up 6.6 %

BEPC traded up $1.67 on Friday, hitting $27.18. The company had a trading volume of 860,071 shares, compared to its average volume of 1,176,653. The stock has a fifty day simple moving average of $28.32 and a 200-day simple moving average of $29.37. Brookfield Renewable has a 52-week low of $21.35 and a 52-week high of $35.14. The firm has a market capitalization of $3.94 billion, a P/E ratio of -33.10 and a beta of 1.23. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.51 and a quick ratio of 0.51.

Brookfield Renewable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were issued a $0.355 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.42 annualized dividend and a yield of 5.22%. Brookfield Renewable’s dividend payout ratio (DPR) is presently -173.17%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price objective on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd.

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.