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

Wall Street analysts expect Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) to post sales of $14.63 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Hannon Armstrong Sustnbl Infrstr Cap’s earnings, with the lowest sales estimate coming in at $11.30 million and the highest estimate coming in at $16.80 million. Hannon Armstrong Sustnbl Infrstr Cap posted sales of $8.35 million during the same quarter last year, which suggests a positive year over year growth rate of 75.2%. The business is scheduled to issue its next earnings report on Wednesday, February 20th.

On average, analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will report full-year sales of $54.04 million for the current financial year, with estimates ranging from $47.00 million to $58.00 million. For the next fiscal year, analysts anticipate that the firm will post 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 research firms that follow Hannon Armstrong Sustnbl Infrstr Cap.

HASI has been the topic of a number of research reports. TheStreet upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a “c” rating to a “b” rating in a research report on Wednesday, October 31st. ValuEngine upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “buy” rating in a research report on Wednesday. Cowen restated a “buy” rating and set a $27.00 target price on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research report on Friday, November 9th. Zacks Investment Research upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Thursday, November 8th. Finally, B. Riley set a $26.00 target price on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the company a “buy” rating in a research 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 stock. The stock presently has an average rating of “Buy” and an average target price of $24.71.

In related news, EVP Daniel K. Mcmahon sold 20,000 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $22.84, for a total value of $456,800.00. Following the sale, the executive vice president now directly owns 287,571 shares in the company, valued at approximately $6,568,121.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel K. Mcmahon sold 6,000 shares of the stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $22.75, for a total transaction of $136,500.00. The disclosure for this sale can be found here. Insiders purchased a total of 6,879 shares of company stock worth $159,432 over the last quarter. 5.30% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. CIBC World Markets Inc. acquired a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap in the 3rd quarter valued at approximately $208,000. Jane Street Group LLC acquired a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap in the 2nd quarter valued at approximately $199,000. BSW Wealth Partners bought a new stake in Hannon Armstrong Sustnbl Infrstr Cap during the 2nd quarter worth approximately $213,000. Aperio Group LLC bought a new stake in Hannon Armstrong Sustnbl Infrstr Cap during the 2nd quarter worth approximately $238,000. Finally, Private Advisor Group LLC bought a new stake in Hannon Armstrong Sustnbl Infrstr Cap during the 3rd quarter worth approximately $265,000. Institutional investors and hedge funds own 71.29% of the company’s stock.

Hannon Armstrong Sustnbl Infrstr Cap stock traded up $0.01 during trading hours on Wednesday, reaching $23.08. 411,635 shares of the company’s stock traded hands, compared to its average volume of 666,702. The company has a current ratio of 33.99, a quick 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 $24.48. The company has a market cap of $1.25 billion, a PE ratio of 21.98, a PEG ratio of 3.16 and a beta of 0.88.

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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