Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Issues FY 2023 Earnings Guidance

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) updated its FY 2023 earnings guidance on Thursday. The company provided EPS guidance of $1.980-$1.980 for the period. The company issued revenue guidance of -.

A number of equities analysts have commented on the company. Zacks Investment Research downgraded Hannon Armstrong Sustainable Infrastructure Capital from a hold rating to a sell rating in a research note on Thursday, November 11th. KeyCorp assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 21st. They set a sector weight rating for the company. Berenberg Bank assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, October 14th. They set a buy rating and a $65.00 price objective for the company. Finally, B. Riley boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $80.00 to $82.00 and gave the stock a buy rating in a research report on Monday, August 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital has an average rating of Hold and a consensus price target of $64.11.

Shares of NYSE HASI traded down $0.73 during trading on Thursday, hitting $60.13. The company had a trading volume of 224,335 shares, compared to its average volume of 579,967. The company has a market cap of $4.73 billion, a P/E ratio of 55.17, a P/E/G ratio of 4.68 and a beta of 1.83. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $44.69 and a 52 week high of $72.42. The firm has a 50-day moving average of $58.31. The company has a debt-to-equity ratio of 1.62, a quick ratio of 22.80 and a current ratio of 22.80.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its earnings results on Thursday, November 4th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 42.76% and a return on equity of 9.68%. During the same quarter in the prior year, the company posted $0.28 EPS. As a group, equities research analysts expect that Hannon Armstrong Sustainable Infrastructure Capital will post 1.59 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 11th. Shareholders of record on Tuesday, December 28th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Monday, December 27th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is currently 128.44%.

In other news, CEO Jeffrey Eckel sold 63,333 shares of the company’s stock in a transaction on Wednesday, November 10th. The shares were sold at an average price of $61.68, for a total value of $3,906,379.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel K. Mcmahon sold 20,000 shares of the company’s stock in a transaction on Monday, November 8th. The stock was sold at an average price of $63.46, for a total transaction of $1,269,200.00. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.

An institutional investor recently raised its position in Hannon Armstrong Sustainable Infrastructure Capital stock. Bank of New York Mellon Corp raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 5.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 334,825 shares of the real estate investment trust’s stock after acquiring an additional 17,113 shares during the period. Bank of New York Mellon Corp owned approximately 0.43% of Hannon Armstrong Sustainable Infrastructure Capital worth $17,907,000 as of its most recent SEC filing. 83.01% of the stock is currently owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc engages in focusing on solutions that reduce carbon emissions and increase resilience to climate change by providing capital and specialized expertise to companies in the energy efficiency, renewable energy and other sustainable infrastructure markets.

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Earnings History and Estimates for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

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