Wall Street analysts expect Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) to announce $11.00 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Hannon Armstrong Sustnbl Infrstr Cap’s earnings, with the lowest sales estimate coming in at $10.03 million and the highest estimate coming in at $11.90 million. Hannon Armstrong Sustnbl Infrstr Cap posted sales of $12.91 million in the same quarter last year, which suggests a negative year-over-year growth rate of 14.8%. The firm is expected to issue its next earnings results on Wednesday, August 1st.
On average, analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will report full-year sales of $46.05 million for the current financial year, with estimates ranging from $42.92 million to $51.00 million. For the next year, analysts forecast that the business will report sales of $50.01 million per share, with estimates ranging from $41.60 million to $57.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Hannon Armstrong Sustnbl Infrstr Cap.
Get Hannon Armstrong Sustnbl Infrstr Cap alerts:Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last posted its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). The business had revenue of $9.20 million for the quarter, compared to analyst estimates of $10.24 million. Hannon Armstrong Sustnbl Infrstr Cap had a return on equity of 8.40% and a net margin of 20.45%.
HASI has been the subject of a number of research analyst reports. Cowen set a $28.00 target price on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a “buy” rating in a research report on Thursday, February 22nd. B. Riley set a $26.00 target price on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a “buy” rating in a research report on Thursday, February 22nd. UBS Group initiated coverage on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research report on Thursday, March 15th. They set a “buy” rating and a $21.00 target price for the company. Zacks Investment Research raised shares of Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “hold” rating in a research report on Thursday, May 10th. Finally, Robert W. Baird reissued an “outperform” rating and set a $26.00 target price (down previously from $30.00) on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $25.89.
In other news, Director Steven G. Osgood acquired 5,000 shares of the stock in a transaction on Monday, June 4th. The stock was bought at an average price of $18.28 per share, with a total value of $91,400.00. Following the completion of the transaction, the director now directly owns 28,281 shares of the company’s stock, valued at $516,976.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey Eckel acquired 1,630 shares of the stock in a transaction on Wednesday, May 9th. The stock was purchased at an average cost of $18.95 per share, with a total value of $30,888.50. Following the transaction, the insider now directly owns 877,270 shares of the company’s stock, valued at $16,624,266.50. The disclosure for this purchase can be found here. Insiders acquired 22,435 shares of company stock valued at $411,277 in the last ninety days. 5.30% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in HASI. Handelsbanken Fonder AB grew its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 130.1% during the first quarter. Handelsbanken Fonder AB now owns 944,483 shares of the real estate investment trust’s stock worth $18,417,000 after buying an additional 534,083 shares in the last quarter. Teachers Advisors LLC grew its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 386.2% during the fourth quarter. Teachers Advisors LLC now owns 426,796 shares of the real estate investment trust’s stock worth $10,269,000 after buying an additional 339,010 shares in the last quarter. American Assets Capital Advisers LLC bought a new position in Hannon Armstrong Sustnbl Infrstr Cap during the first quarter worth $6,068,000. Amundi Pioneer Asset Management Inc. bought a new position in Hannon Armstrong Sustnbl Infrstr Cap during the fourth quarter worth $7,401,000. Finally, Van ECK Associates Corp lifted its stake in Hannon Armstrong Sustnbl Infrstr Cap by 15.5% during the first quarter. Van ECK Associates Corp now owns 1,379,890 shares of the real estate investment trust’s stock worth $26,908,000 after purchasing an additional 184,817 shares during the last quarter. 71.80% of the stock is owned by institutional investors and hedge funds.
HASI traded down $0.02 on Tuesday, reaching $19.02. 5,147 shares of the company’s stock were exchanged, compared to its average volume of 380,416. The company has a market cap of $993.15 million, a PE ratio of 18.03, a price-to-earnings-growth ratio of 2.59 and a beta of 0.83. Hannon Armstrong Sustnbl Infrstr Cap has a twelve month low of $17.33 and a twelve month high of $25.28. The company has a debt-to-equity ratio of 2.28, a quick ratio of 38.94 and a current ratio of 38.94.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 12th. Shareholders of record on Thursday, July 5th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 6.94%. The ex-dividend date of this dividend is Tuesday, July 3rd. Hannon Armstrong Sustnbl Infrstr Cap’s dividend payout ratio (DPR) is 125.71%.
About Hannon Armstrong Sustnbl Infrstr Cap
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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