Wall Street analysts expect Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) to announce sales of $11.84 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Hannon Armstrong Sustnbl Infrstr Cap’s earnings. The lowest sales estimate is $10.20 million and the highest is $12.80 million. Hannon Armstrong Sustnbl Infrstr Cap posted sales of $19.01 million in the same quarter last year, which suggests a negative year-over-year growth rate of 37.7%. The business is scheduled to report its next earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will report full year sales of $11.84 million for the current financial year, with estimates ranging from $43.20 million to $49.10 million. For the next year, analysts forecast that the company will report sales of $57.50 million per share, with estimates ranging from $47.00 million to $65.20 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.

Several brokerages have recently weighed in on HASI. BidaskClub cut Hannon Armstrong Sustnbl Infrstr Cap from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. FBR & Co reissued a “buy” rating and issued a $26.00 price target on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research note on Friday, June 30th. Morgan Stanley reissued an “equal weight” rating on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research note on Tuesday, July 11th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research note on Tuesday, August 8th. Finally, Zacks Investment Research raised Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Hannon Armstrong Sustnbl Infrstr Cap presently has a consensus rating of “Buy” and a consensus price target of $25.25.

COPYRIGHT VIOLATION NOTICE: “Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI) Expected to Announce Quarterly Sales of $11.84 Million” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.thecerbatgem.com/2017/10/21/hannon-armstrong-sustnbl-infrstr-cap-inc-hasi-expected-to-announce-quarterly-sales-of-11-84-million.html.

In other Hannon Armstrong Sustnbl Infrstr Cap news, EVP Nathaniel Rose sold 6,000 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $23.85, for a total value of $143,100.00. Following the transaction, the executive vice president now owns 297,506 shares in the company, valued at $7,095,518.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel K. Mcmahon sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $24.11, for a total value of $120,550.00. Following the completion of the transaction, the executive vice president now owns 263,167 shares in the company, valued at approximately $6,344,956.37. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Advisor Group Inc. boosted its holdings in Hannon Armstrong Sustnbl Infrstr Cap by 8.5% in the second quarter. Advisor Group Inc. now owns 4,444 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 350 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Hannon Armstrong Sustnbl Infrstr Cap by 2,784.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,336 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 5,151 shares in the last quarter. US Bancorp DE boosted its holdings in Hannon Armstrong Sustnbl Infrstr Cap by 8.0% in the first quarter. US Bancorp DE now owns 5,398 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 400 shares in the last quarter. Creative Planning boosted its holdings in Hannon Armstrong Sustnbl Infrstr Cap by 83.0% in the second quarter. Creative Planning now owns 6,496 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 2,946 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Hannon Armstrong Sustnbl Infrstr Cap in the first quarter worth approximately $167,000. Institutional investors and hedge funds own 73.29% of the company’s stock.

Shares of Hannon Armstrong Sustnbl Infrstr Cap (NYSE HASI) traded up 1.94% during mid-day trading on Wednesday, reaching $25.22. The company had a trading volume of 459,836 shares. Hannon Armstrong Sustnbl Infrstr Cap has a 52-week low of $18.02 and a 52-week high of $25.25. The firm’s 50-day moving average price is $24.07 and its 200 day moving average price is $22.96. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 45.69 and a beta of 0.96.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Thursday, October 5th were paid a dividend of $0.33 per share. The ex-dividend date was Wednesday, October 4th. This represents a $1.32 annualized dividend and a yield of 5.23%. Hannon Armstrong Sustnbl Infrstr Cap’s dividend payout ratio is currently 244.44%.

About Hannon Armstrong Sustnbl Infrstr Cap

Hannon Armstrong Sustainable Infrastructure Capital, Inc makes debt and equity investments in sustainable infrastructure, including energy efficiency and renewable energy. The Company focuses on providing preferred or senior level capital to sponsors and obligors for assets that generate long-term, recurring and predictable cash flows.

Get a free copy of the Zacks research report on Hannon Armstrong Sustnbl Infrstr Cap (HASI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Hannon Armstrong Sustnbl Infrstr Cap Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hannon Armstrong Sustnbl Infrstr Cap Inc and related stocks with our FREE daily email newsletter.