Analysts Expect Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI) Will Post Quarterly Sales of $10.78 Million

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Wall Street analysts forecast that Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) will announce $10.78 million in sales for the current quarter, Zacks reports. Three analysts have provided 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 16.5%. The company is scheduled to report its next quarterly earnings results on Wednesday, August 1st.

On average, analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will report full-year sales of $46.18 million for the current financial year, with estimates ranging from $42.92 million to $51.00 million. For the next fiscal year, analysts forecast that the firm will post sales of $49.99 million per share, with estimates ranging from $41.60 million to $57.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Hannon Armstrong Sustnbl Infrstr Cap.

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last issued its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.27 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 analysts’ expectations of $10.24 million. Hannon Armstrong Sustnbl Infrstr Cap had a net margin of 20.45% and a return on equity of 8.40%.

HASI has been the subject of several research reports. Zacks Investment Research raised Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “hold” rating in a report on Thursday, May 10th. ValuEngine lowered Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “sell” rating in a report on Friday, May 4th. UBS Group initiated coverage on Hannon Armstrong Sustnbl Infrstr Cap in a report on Thursday, March 15th. They set a “buy” rating and a $21.00 price objective for the company. Cowen set a $28.00 price objective on Hannon Armstrong Sustnbl Infrstr Cap and gave the company a “buy” rating in a report on Thursday, February 22nd. Finally, Robert W. Baird reissued an “outperform” rating and set a $26.00 price objective (down from $30.00) on shares of Hannon Armstrong Sustnbl Infrstr Cap in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $26.25.

Shares of HASI traded down $0.11 on Friday, reaching $17.95. 761,394 shares of the company’s stock traded hands, compared to its average volume of 388,763. The company has a current ratio of 38.94, a quick ratio of 38.94 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $972.91 million, a price-to-earnings ratio of 17.10, a PEG ratio of 2.54 and a beta of 0.83. Hannon Armstrong Sustnbl Infrstr Cap has a 52-week low of $17.33 and a 52-week high of $25.28.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 12th. Stockholders of record on Thursday, July 5th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.35%. The ex-dividend date of this dividend is Tuesday, July 3rd. Hannon Armstrong Sustnbl Infrstr Cap’s payout ratio is currently 125.71%.

In related news, insider Jeffrey Eckel purchased 2,000 shares of the business’s stock in a transaction dated Thursday, June 7th. The stock was purchased at an average cost of $17.90 per share, with a total value of $35,800.00. Following the completion of the acquisition, the insider now directly owns 877,520 shares of the company’s stock, valued at $15,707,608. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark Cirilli purchased 5,555 shares of the business’s stock in a transaction dated Thursday, June 7th. The stock was bought at an average cost of $18.15 per share, with a total value of $100,823.25. Following the completion of the acquisition, the director now directly owns 67,947 shares of the company’s stock, valued at $1,233,238.05. The disclosure for this purchase can be found here. Insiders bought 21,435 shares of company stock valued at $393,307 over the last ninety days. Corporate insiders own 5.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Hannon Armstrong Sustnbl Infrstr Cap by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 241,431 shares of the real estate investment trust’s stock worth $5,808,000 after acquiring an additional 2,653 shares during the period. BB&T Securities LLC boosted its holdings in shares of Hannon Armstrong Sustnbl Infrstr Cap by 4.0% in the fourth quarter. BB&T Securities LLC now owns 82,151 shares of the real estate investment trust’s stock worth $1,976,000 after acquiring an additional 3,195 shares during the period. Northern Trust Corp boosted its holdings in shares of Hannon Armstrong Sustnbl Infrstr Cap by 0.6% in the first quarter. Northern Trust Corp now owns 582,695 shares of the real estate investment trust’s stock worth $11,362,000 after acquiring an additional 3,508 shares during the period. Principal Financial Group Inc. boosted its stake in Hannon Armstrong Sustnbl Infrstr Cap by 10.2% during the first quarter. Principal Financial Group Inc. now owns 39,007 shares of the real estate investment trust’s stock valued at $761,000 after buying an additional 3,626 shares during the period. Finally, Raymond James & Associates boosted its stake in Hannon Armstrong Sustnbl Infrstr Cap by 4.8% during the fourth quarter. Raymond James & Associates now owns 82,243 shares of the real estate investment trust’s stock valued at $1,979,000 after buying an additional 3,800 shares during the period. 71.99% of the stock is owned by hedge funds and other institutional investors.

Hannon Armstrong Sustnbl Infrstr Cap Company Profile

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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