Pattern Energy Group (NASDAQ:PEGI) (TSE:PEG) will be announcing its Q2 2019 earnings results before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Pattern Energy Group (NASDAQ:PEGI) (TSE:PEG) last issued its earnings results on Friday, May 10th. The utilities provider reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.43). Pattern Energy Group had a negative return on equity of 1.06% and a negative net margin of 4.52%. The company had revenue of $135.00 million during the quarter, compared to analyst estimates of $143.38 million. During the same period last year, the business earned $1.32 earnings per share. The firm’s revenue was up 20.5% compared to the same quarter last year. On average, analysts expect Pattern Energy Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of PEGI opened at $23.06 on Monday. Pattern Energy Group has a 52-week low of $17.23 and a 52-week high of $24.43. The firm has a market cap of $2.26 billion, a P/E ratio of 15.90 and a beta of 1.05. The business has a fifty day moving average of $23.31. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 1.01.
A number of analysts have issued reports on PEGI shares. Royal Bank of Canada raised their target price on Pattern Energy Group from $22.00 to $24.00 in a research note on Wednesday, June 26th. TheStreet downgraded Pattern Energy Group from a “b-” rating to a “c” rating in a research note on Tuesday, May 14th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $23.50 target price on shares of Pattern Energy Group in a research note on Monday, May 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $22.29.
Pattern Energy Group Company Profile
Pattern Energy Group Inc operates as an integrated renewable energy company. The company operates in two segments, Operating Business and Development Business. The Operating Business segment holds interest in 24 renewable energy projects with an operating capacity that totals approximately 4 gigawatts located in the United States, Canada, and Japan.
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