Oppenheimer Research Analysts Increase Earnings Estimates for Hannon Armstrong (HASI)

Hannon Armstrong (NYSE:HASI) – Oppenheimer raised their Q1 2018 earnings per share (EPS) estimates for Hannon Armstrong in a research note issued on Tuesday, April 3rd. Oppenheimer analyst N. Kaye now expects that the real estate investment trust will earn $0.26 per share for the quarter, up from their previous estimate of $0.25. Oppenheimer also issued estimates for Hannon Armstrong’s Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.31 EPS, FY2018 earnings at $1.09 EPS and FY2019 earnings at $1.14 EPS.

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Hannon Armstrong (NYSE:HASI) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The company had revenue of $8.35 million for the quarter, compared to analyst estimates of $9.86 million. Hannon Armstrong had a net margin of 29.23% and a return on equity of 8.84%.

A number of other equities analysts also recently issued reports on HASI. B. Riley set a $27.00 price target on Hannon Armstrong and gave the company a “buy” rating in a research note on Friday, December 22nd. Zacks Investment Research upgraded Hannon Armstrong from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Robert W. Baird reiterated an “outperform” rating and set a $26.00 price target (down previously from $30.00) on shares of Hannon Armstrong in a research note on Thursday, February 22nd. Cowen set a $28.00 price target on Hannon Armstrong and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, UBS initiated coverage on Hannon Armstrong in a research note on Thursday, March 15th. They set a “buy” rating and a $21.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $26.25.

HASI stock opened at $19.12 on Friday. The stock has a market cap of $1,019.49, a price-to-earnings ratio of 18.21, a P/E/G ratio of 2.44 and a beta of 0.85. The company has a debt-to-equity ratio of 2.22, a current ratio of 40.96 and a quick ratio of 40.96. Hannon Armstrong has a 52-week low of $17.33 and a 52-week high of $25.28.

Several hedge funds and other institutional investors have recently made changes to their positions in HASI. C M Bidwell & Associates Ltd. purchased a new position in shares of Hannon Armstrong in the 4th quarter worth approximately $149,000. AllSquare Wealth Management LLC purchased a new position in shares of Hannon Armstrong in the 4th quarter worth approximately $171,000. Stifel Financial Corp purchased a new position in shares of Hannon Armstrong in the 3rd quarter worth approximately $222,000. GSA Capital Partners LLP purchased a new position in shares of Hannon Armstrong in the 3rd quarter worth approximately $439,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Hannon Armstrong in the 4th quarter worth approximately $440,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

In other Hannon Armstrong news, insider Jeffrey Eckel bought 15,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were purchased at an average price of $18.94 per share, for a total transaction of $284,100.00. Following the purchase, the insider now directly owns 707,618 shares of the company’s stock, valued at $13,402,284.92. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 5.40% of the stock is owned by insiders.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Wednesday, April 4th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.90%. Hannon Armstrong’s payout ratio is presently 125.71%.

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Hannon Armstrong Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc makes debt and equity investments in sustainable infrastructure, including energy efficiency and renewable energy. The Company focuses on providing preferred or senior level capital to sponsors and obligors for assets that generate long-term, recurring and predictable cash flows.

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