Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI) Expected to Announce Quarterly Sales of $13.81 Million

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Analysts predict that Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) will announce sales of $13.81 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Hannon Armstrong Sustnbl Infrstr Cap’s earnings. The lowest sales estimate is $10.69 million and the highest is $17.64 million. Hannon Armstrong Sustnbl Infrstr Cap posted sales of $8.82 million in the same quarter last year, which suggests a positive year over year growth rate of 56.6%. The company is scheduled to report its next earnings report on Wednesday, November 7th.

On average, analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will report full year sales of $52.66 million for the current financial year, with estimates ranging from $47.00 million to $62.19 million. For the next fiscal year, analysts forecast that the business will post sales of $56.79 million, with estimates ranging from $49.00 million to $72.47 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Hannon Armstrong Sustnbl Infrstr Cap.

HASI has been the topic of several recent research reports. Zacks Investment Research raised Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. Morgan Stanley lifted their price objective on Hannon Armstrong Sustnbl Infrstr Cap from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 11th. ValuEngine upgraded Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. Finally, B. Riley set a $26.00 price objective on Hannon Armstrong Sustnbl Infrstr Cap and gave the company a “buy” rating in a research note on Friday, August 3rd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $25.25.

HASI traded up $0.01 during midday trading on Thursday, hitting $20.27. 220,174 shares of the company were exchanged, compared to its average volume of 294,667. The company has a market capitalization of $1.10 billion, a PE ratio of 19.30, a PEG ratio of 2.83 and a beta of 0.94. Hannon Armstrong Sustnbl Infrstr Cap has a 1-year low of $17.33 and a 1-year high of $25.28. The company has a current ratio of 41.26, a quick ratio of 41.26 and a debt-to-equity ratio of 2.24.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 11th. Shareholders of record on Wednesday, October 3rd were issued a $0.33 dividend. The ex-dividend date was Tuesday, October 2nd. This represents a $1.32 annualized dividend and a yield of 6.51%. Hannon Armstrong Sustnbl Infrstr Cap’s dividend payout ratio (DPR) is presently 125.71%.

In other Hannon Armstrong Sustnbl Infrstr Cap news, EVP Daniel K. Mcmahon sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $20.45, for a total value of $122,700.00. Following the completion of the sale, the executive vice president now directly owns 307,571 shares in the company, valued at $6,289,826.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.30% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. SFE Investment Counsel boosted its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 16.1% during the 2nd quarter. SFE Investment Counsel now owns 80,631 shares of the real estate investment trust’s stock worth $1,592,000 after acquiring an additional 11,191 shares during the last quarter. Ardsley Advisory Partners boosted its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 42.7% during the 2nd quarter. Ardsley Advisory Partners now owns 770,661 shares of the real estate investment trust’s stock worth $15,236,000 after acquiring an additional 230,661 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 10.2% during the 1st quarter. Principal Financial Group Inc. now owns 39,007 shares of the real estate investment trust’s stock worth $761,000 after acquiring an additional 3,626 shares during the last quarter. Investec Asset Management LTD boosted its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 5.2% during the 2nd quarter. Investec Asset Management LTD now owns 52,831 shares of the real estate investment trust’s stock worth $1,043,000 after acquiring an additional 2,600 shares during the last quarter. Finally, BSW Wealth Partners purchased a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap during the 2nd quarter worth $213,000. Institutional investors and hedge funds own 69.22% of the company’s stock.

Hannon Armstrong Sustnbl Infrstr Cap Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include energy efficiency projects that reduce a building's or facility's energy usage or cost through enhancing or installing various building components, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

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