Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI) Expected to Announce Quarterly Sales of $14.65 Million

Equities research analysts expect that Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) will announce sales of $14.65 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Hannon Armstrong Sustnbl Infrstr Cap’s earnings, with estimates ranging from $11.33 million to $16.80 million. Hannon Armstrong Sustnbl Infrstr Cap reported sales of $8.35 million during the same quarter last year, which indicates a positive year-over-year growth rate of 75.4%. The firm is expected to issue its next quarterly earnings results on Wednesday, February 20th.

On average, analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will report full year sales of $55.66 million for the current fiscal year, with estimates ranging from $52.53 million to $58.00 million. For the next fiscal year, analysts expect that the business will post sales of $62.39 million, with estimates ranging from $58.00 million to $68.33 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Hannon Armstrong Sustnbl Infrstr Cap.

Several research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating in a report on Friday, January 4th. ValuEngine raised shares of Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “buy” rating in a report on Friday. Cowen reaffirmed a “buy” rating and issued a $27.00 target price on shares of Hannon Armstrong Sustnbl Infrstr Cap in a report on Friday, November 9th. B. Riley set a $26.00 target price on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a “buy” rating in a report on Friday, November 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Hannon Armstrong Sustnbl Infrstr Cap from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 2nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Hannon Armstrong Sustnbl Infrstr Cap has an average rating of “Buy” and an average target price of $24.88.

Shares of Hannon Armstrong Sustnbl Infrstr Cap stock opened at $22.99 on Tuesday. The firm has a market capitalization of $1.43 billion, a P/E ratio of 21.90, a PEG ratio of 6.70 and a beta of 1.08. The company has a quick ratio of 33.99, a current ratio of 33.99 and a debt-to-equity ratio of 2.37. Hannon Armstrong Sustnbl Infrstr Cap has a fifty-two week low of $17.33 and a fifty-two week high of $24.05.

In related news, Director Rebecca Blalock acquired 4,290 shares of the company’s stock in a transaction on Friday, November 16th. The stock was acquired at an average price of $23.36 per share, with a total value of $100,214.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.30% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HASI. Pearl River Capital LLC bought a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap during the 4th quarter valued at about $25,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Hannon Armstrong Sustnbl Infrstr Cap by 29.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,716 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 1,310 shares during the last quarter. ETF Managers Group LLC raised its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 19.1% during the 4th quarter. ETF Managers Group LLC now owns 6,880 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 1,103 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap during the 4th quarter valued at about $146,000. Finally, Cornerstone Advisors Inc. raised its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 23.8% during the 4th quarter. Cornerstone Advisors Inc. now owns 8,180 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 1,575 shares in the last quarter. 61.72% of the stock is owned by institutional investors and hedge funds.

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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