Zacks: Analysts Anticipate Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI) Will Post Earnings of $0.31 Per Share

Wall Street brokerages expect that Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) will report earnings per share of $0.31 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Hannon Armstrong Sustnbl Infrstr Cap’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.29. Hannon Armstrong Sustnbl Infrstr Cap also posted earnings per share of $0.31 in the same quarter last year. The company is scheduled to report its next earnings report on Wednesday, February 20th.

On average, analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will report full year earnings of $1.32 per share for the current year, with EPS estimates ranging from $1.31 to $1.35. For the next financial year, analysts anticipate that the business will report earnings of $1.38 per share, with EPS estimates ranging from $1.36 to $1.39. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Hannon Armstrong Sustnbl Infrstr Cap.

HASI has been the subject of several research analyst reports. TheStreet raised shares of Hannon Armstrong Sustnbl Infrstr Cap from a “c” rating to a “b” rating in a research note on Wednesday, October 31st. JPMorgan Chase & Co. raised their target price on shares of Hannon Armstrong Sustnbl Infrstr Cap from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 2nd. B. Riley set a $26.00 price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the company a “buy” rating in a research report on Friday, November 2nd. Zacks Investment Research upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, November 8th. Finally, Cowen reiterated a “buy” rating and set a $27.00 price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research report on Friday, November 9th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Hannon Armstrong Sustnbl Infrstr Cap presently has a consensus rating of “Buy” and a consensus target price of $24.88.

HASI opened at $23.09 on Friday. The firm has a market cap of $1.43 billion, a P/E ratio of 21.99, a P/E/G ratio of 6.70 and a beta of 1.08. Hannon Armstrong Sustnbl Infrstr Cap has a fifty-two week low of $17.33 and a fifty-two week high of $24.05. The company has a debt-to-equity ratio of 2.37, a current ratio of 33.99 and a quick ratio of 33.99.

In other Hannon Armstrong Sustnbl Infrstr Cap news, Director Rebecca Blalock acquired 4,290 shares of the stock in a transaction on Friday, November 16th. The stock was acquired at an average price of $23.36 per share, for a total transaction of $100,214.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.30% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Pearl River Capital LLC bought a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap in the 4th quarter worth about $25,000. NumerixS Investment Technologies Inc purchased a new position in Hannon Armstrong Sustnbl Infrstr Cap in the 4th quarter worth about $80,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Hannon Armstrong Sustnbl Infrstr Cap by 29.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,716 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,310 shares during the period. ETF Managers Group LLC increased its stake in Hannon Armstrong Sustnbl Infrstr Cap by 19.1% in the 4th quarter. ETF Managers Group LLC now owns 6,880 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 1,103 shares during the period. Finally, Quantamental Technologies LLC purchased a new position in Hannon Armstrong Sustnbl Infrstr Cap in the 4th quarter worth about $146,000. Hedge funds and other institutional investors own 61.72% of the company’s stock.

About Hannon Armstrong Sustnbl Infrstr Cap

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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