Zacks: Brokerages Anticipate Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI) Will Post Quarterly Sales of $14.63 Million

Equities analysts predict that Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) will report $14.63 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Hannon Armstrong Sustnbl Infrstr Cap’s earnings, with estimates ranging from $11.30 million to $16.80 million. Hannon Armstrong Sustnbl Infrstr Cap reported sales of $8.35 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 75.2%. The company is expected to issue its next earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will report full-year sales of $54.04 million for the current year, with estimates ranging from $47.00 million to $58.00 million. For the next financial year, analysts forecast that the company will report sales of $56.47 million, with estimates ranging from $49.00 million to $62.12 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Hannon Armstrong Sustnbl Infrstr Cap.

Several analysts have issued reports on the company. ValuEngine raised Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “buy” rating in a report on Wednesday. UBS Group lowered Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “neutral” rating and boosted their price target for the company from $22.00 to $23.00 in a report on Friday, November 30th. Cowen reissued a “buy” rating and set a $27.00 price target on shares of Hannon Armstrong Sustnbl Infrstr Cap in a report on Friday, November 9th. Zacks Investment Research raised Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Thursday, November 8th. Finally, B. Riley set a $26.00 price target on Hannon Armstrong Sustnbl Infrstr Cap and gave the company a “buy” rating in a report on Friday, November 2nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $24.71.

NYSE:HASI traded up $0.01 during mid-day trading on Wednesday, hitting $23.08. 411,635 shares of the company traded hands, compared to its average volume of 666,702. Hannon Armstrong Sustnbl Infrstr Cap has a one year low of $17.33 and a one year high of $24.48. The company has a debt-to-equity ratio of 2.37, a quick ratio of 33.99 and a current ratio of 33.99. The firm has a market capitalization of $1.25 billion, a PE ratio of 21.98, a P/E/G ratio of 3.16 and a beta of 0.88.

In other Hannon Armstrong Sustnbl Infrstr Cap news, Director Richard J. Osborne acquired 2,500 shares of the stock in a transaction dated Friday, November 9th. The shares were acquired at an average cost of $22.87 per share, for a total transaction of $57,175.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel K. Mcmahon sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $22.84, for a total value of $456,800.00. Following the completion of the transaction, the executive vice president now owns 287,571 shares in the company, valued at $6,568,121.64. The disclosure for this sale can be found here. Insiders bought 6,879 shares of company stock worth $159,432 over the last 90 days. Company insiders own 5.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. B. Riley Financial Inc. lifted its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 11.4% in the third quarter. B. Riley Financial Inc. now owns 24,442 shares of the real estate investment trust’s stock worth $525,000 after buying an additional 2,510 shares in the last quarter. Investec Asset Management LTD lifted its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 5.2% in the second quarter. Investec Asset Management LTD now owns 52,831 shares of the real estate investment trust’s stock worth $1,043,000 after buying an additional 2,600 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 4.2% in the second quarter. California Public Employees Retirement System now owns 73,432 shares of the real estate investment trust’s stock worth $1,450,000 after buying an additional 2,973 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 6.4% in the second quarter. Rhumbline Advisers now owns 52,427 shares of the real estate investment trust’s stock worth $1,035,000 after buying an additional 3,146 shares in the last quarter. Finally, Xact Kapitalforvaltning AB lifted its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 27.9% in the third quarter. Xact Kapitalforvaltning AB now owns 16,488 shares of the real estate investment trust’s stock worth $354,000 after buying an additional 3,600 shares in the last quarter. Institutional investors and hedge funds own 71.29% of the company’s stock.

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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