Brookfield Renewable (NYSE:BEPC) Posts Earnings Results, Beats Expectations By $0.27 EPS

Brookfield Renewable (NYSE:BEPC) announced its quarterly earnings data on Friday. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.27, Zacks reports. Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%.

Brookfield Renewable Stock Up 4.8 %

BEPC opened at $26.74 on Friday. The business’s fifty day simple moving average is $28.24 and its 200 day simple moving average is $29.34. Brookfield Renewable has a 52 week low of $21.35 and a 52 week high of $35.14. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.89. The stock has a market cap of $3.88 billion, a PE ratio of -32.61 and a beta of 1.23.

Brookfield Renewable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were paid a $0.355 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a yield of 5.31%. Brookfield Renewable’s dividend payout ratio is presently -173.17%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their target price on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a research report 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.