Brookfield Renewable Partners (NYSE:BEP) Posts Earnings Results, Misses Estimates By $0.09 EPS

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) released its earnings results on Friday. The utilities provider reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.09), Zacks reports. Brookfield Renewable Partners had a negative return on equity of 0.03% and a negative net margin of 0.15%. The firm had revenue of $907.00 million during the quarter, compared to analysts’ expectations of $1.73 billion.

Brookfield Renewable Partners Price Performance

Brookfield Renewable Partners stock opened at $22.85 on Friday. Brookfield Renewable Partners has a 52-week low of $19.29 and a 52-week high of $29.56. The company has a quick ratio of 0.73, a current ratio of 0.25 and a debt-to-equity ratio of 0.93. The firm’s fifty day moving average is $22.30 and its 200 day moving average is $23.33. The company has a market cap of $6.49 billion, a price-to-earnings ratio of -25.67 and a beta of 0.99.

Analyst Ratings Changes

BEP has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Brookfield Renewable Partners from $30.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. CIBC decreased their price target on Brookfield Renewable Partners from $32.00 to $31.00 and set an “outperformer” rating on the stock in a report on Monday, February 3rd. Wells Fargo & Company dropped their price objective on Brookfield Renewable Partners from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $31.00 target price on shares of Brookfield Renewable Partners in a research note on Monday, February 3rd. Finally, National Bankshares dropped their price target on Brookfield Renewable Partners from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Brookfield Renewable Partners has a consensus rating of “Moderate Buy” and an average target price of $30.00.

About Brookfield Renewable Partners

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation.