Equities analysts expect that TerraForm Power Inc (NASDAQ:TERP) will announce ($0.05) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for TerraForm Power’s earnings. The highest EPS estimate is $0.10 and the lowest is ($0.23). TerraForm Power posted earnings per share of ($0.14) in the same quarter last year, which would indicate a positive year-over-year growth rate of 64.3%. The company is expected to announce its next quarterly earnings results on Thursday, March 14th.

According to Zacks, analysts expect that TerraForm Power will report full year earnings of $0.20 per share for the current financial year, with EPS estimates ranging from $0.02 to $0.36. For the next fiscal year, analysts forecast that the firm will report earnings of ($0.13) per share, with EPS estimates ranging from ($0.84) to $0.29. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover TerraForm Power.

TerraForm Power (NASDAQ:TERP) last issued its quarterly earnings data on Thursday, November 8th. The solar energy provider reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.11). The business had revenue of $246.06 million during the quarter, compared to the consensus estimate of $233.26 million. TerraForm Power had a negative return on equity of 0.48% and a negative net margin of 12.29%. The business’s quarterly revenue was up 60.4% on a year-over-year basis. During the same period last year, the firm earned ($0.31) EPS.

A number of equities analysts recently commented on the stock. BidaskClub raised shares of TerraForm Power from a “strong sell” rating to a “sell” rating in a research note on Friday, September 14th. Deutsche Bank reissued a “hold” rating and issued a $12.00 price objective on shares of TerraForm Power in a research note on Friday, September 28th. ValuEngine raised shares of TerraForm Power from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. Oppenheimer raised shares of TerraForm Power from a “market perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a research note on Wednesday, August 15th. Finally, Goldman Sachs Group raised shares of TerraForm Power from a “sell” rating to a “neutral” rating and set a $11.00 price objective for the company in a research note on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $12.44.

Shares of NASDAQ:TERP opened at $11.05 on Friday. The company has a market capitalization of $2.31 billion, a P/E ratio of -9.13 and a beta of 0.87. TerraForm Power has a 52 week low of $9.90 and a 52 week high of $13.21. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.96.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date is Friday, November 30th. TerraForm Power’s payout ratio is presently -62.81%.

Hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new position in shares of TerraForm Power during the third quarter worth $100,000. Amalgamated Bank acquired a new position in shares of TerraForm Power during the second quarter worth $119,000. United Services Automobile Association acquired a new position in shares of TerraForm Power during the second quarter worth $119,000. Jane Street Group LLC acquired a new position in shares of TerraForm Power during the second quarter worth $121,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of TerraForm Power during the second quarter worth $158,000. 60.60% of the stock is currently owned by institutional investors and hedge funds.

About TerraForm Power

TerraForm Power, Inc, together with its subsidiaries, owns and operates clean power generation assets. As of December 31, 2017, its portfolio consisted of solar and wind projects located in the United States, Canada, the United Kingdom, and Chile with a combined nameplate capacity of 2,606.4 megawatts.

Further Reading: Retained Earnings

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