Brookfield Renewable Partners (BEP) Issues Earnings Results, Misses Estimates By $0.18 EPS

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) released its earnings results on Friday. The utilities provider reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.18), MarketWatch Earnings reports. The firm had revenue of $735.00 million during the quarter, compared to the consensus estimate of $785.00 million. Brookfield Renewable Partners had a net margin of 3.79% and a return on equity of 0.80%.

Shares of Brookfield Renewable Partners opened at $30.32 on Friday, MarketBeat.com reports. Brookfield Renewable Partners has a 12-month low of $29.57 and a 12-month high of $36.00. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.74.

A number of research analysts recently commented on BEP shares. Zacks Investment Research raised Brookfield Renewable Partners from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Tuesday, May 8th. BMO Capital Markets increased their target price on Brookfield Renewable Partners from $33.00 to $33.50 and gave the company a “market perform” rating in a research note on Wednesday, June 13th. Finally, Scotiabank reissued a “hold” rating and issued a $34.00 target price on shares of Brookfield Renewable Partners in a research note on Friday. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $35.73.

About Brookfield Renewable Partners

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities in the North America, Colombia, Brazil, Europe, and internationally. The company operates through Hydroelectric; Wind; and Solar, Storage, and others segments. It operates 840 generation facilities using hydro, solar, wind, biomass, and other renewable technologies.

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Earnings History for Brookfield Renewable Partners (NYSE:BEP)

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