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

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

Brookfield Renewable Stock Performance

Shares of BEPC opened at $26.74 on Friday. The firm has a market capitalization of $3.88 billion, a P/E ratio of -32.61 and a beta of 1.23. Brookfield Renewable has a 52 week low of $21.35 and a 52 week high of $35.14. The stock has a 50 day moving average price of $28.24 and a two-hundred day moving average price of $29.34. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.51.

Brookfield Renewable Dividend Announcement

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

Analysts Set New Price Targets

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