Wall Street brokerages expect Pattern Energy Group Inc (NASDAQ:PEGI) (TSE:PEG) to post $0.12 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Pattern Energy Group’s earnings. The lowest EPS estimate is $0.02 and the highest is $0.20. Pattern Energy Group posted earnings per share of $0.06 in the same quarter last year, which would indicate a positive year-over-year growth rate of 100%. The company is scheduled to announce its next earnings results on Tuesday, May 8th.
On average, analysts expect that Pattern Energy Group will report full-year earnings of $0.44 per share for the current financial year, with EPS estimates ranging from $0.02 to $0.85. For the next fiscal year, analysts anticipate that the company will post earnings of $0.59 per share, with EPS estimates ranging from $0.11 to $0.98. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Pattern Energy Group.
Pattern Energy Group (NASDAQ:PEGI) (TSE:PEG) last announced its earnings results on Thursday, March 1st. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.06. Pattern Energy Group had a positive return on equity of 0.34% and a negative net margin of 4.35%. The business had revenue of $110.70 million for the quarter, compared to analyst estimates of $126.11 million. During the same quarter last year, the firm earned $0.16 EPS. Pattern Energy Group’s revenue for the quarter was up 36.5% compared to the same quarter last year.
Shares of Pattern Energy Group stock opened at $18.20 on Monday. Pattern Energy Group has a 1 year low of $16.58 and a 1 year high of $26.56. The stock has a market capitalization of $1,781.14, a P/E ratio of -91.00, a P/E/G ratio of 1.83 and a beta of 0.96. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.25 and a quick ratio of 1.25.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, March 30th will be issued a dividend of $0.422 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 9.27%. The ex-dividend date of this dividend is Wednesday, March 28th. Pattern Energy Group’s payout ratio is presently -844.96%.
In other Pattern Energy Group news, Director Douglas G. Hall bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were acquired at an average cost of $17.08 per share, with a total value of $85,400.00. Following the acquisition, the director now owns 39,982 shares of the company’s stock, valued at $682,892.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Esben W. Pedersen sold 2,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $21.59, for a total value of $51,816.00. Following the transaction, the insider now directly owns 134,528 shares in the company, valued at $2,904,459.52. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC acquired a new position in shares of Pattern Energy Group during the 3rd quarter worth approximately $107,000. IFP Advisors Inc increased its holdings in shares of Pattern Energy Group by 139.6% during the 4th quarter. IFP Advisors Inc now owns 5,337 shares of the utilities provider’s stock worth $115,000 after acquiring an additional 3,110 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Pattern Energy Group during the 3rd quarter worth approximately $135,000. Private Advisor Group LLC acquired a new position in shares of Pattern Energy Group during the 3rd quarter worth approximately $203,000. Finally, Kayne Anderson Capital Advisors LP acquired a new position in shares of Pattern Energy Group during the 3rd quarter worth approximately $231,000. 96.56% of the stock is currently owned by institutional investors and hedge funds.
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Pattern Energy Group Company Profile
Pattern Energy Group Inc is an independent power company focused on owning and operating power projects. The Company holds interests in over 18 wind power projects located in the United States, Canada and Chile with total capacity of over 2,644 megawatts (MW). Each of its projects has contracted to sell its output pursuant to a power sale agreement.
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