Brokerages Anticipate Atlantic Power Corp (AT) to Post -$0.16 EPS
Equities research analysts expect Atlantic Power Corp (NYSE:AT) (TSE:ATP) to report ($0.16) earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Atlantic Power’s earnings. Atlantic Power reported earnings per share of $0.15 during the same quarter last year, which suggests a negative year over year growth rate of 206.7%. The company is expected to announce its next quarterly earnings results on Thursday, November 8th.
On average, analysts expect that Atlantic Power will report full year earnings of ($0.09) per share for the current financial year. For the next financial year, analysts forecast that the business will report earnings of ($0.07) per share. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Atlantic Power.
Atlantic Power (NYSE:AT) (TSE:ATP) last issued its earnings results on Thursday, August 2nd. The utilities provider reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.10. The company had revenue of $66.20 million for the quarter, compared to analysts’ expectations of $74.00 million. Atlantic Power had a negative net margin of 15.95% and a negative return on equity of 11.73%.
Shares of NYSE:AT opened at $2.15 on Thursday. The firm has a market capitalization of $240.08 million, a P/E ratio of 16.54 and a beta of 1.54. Atlantic Power has a 52 week low of $1.80 and a 52 week high of $2.60. The company has a debt-to-equity ratio of -36.50, a quick ratio of 1.18 and a current ratio of 1.32.
In other news, Director Irving Russell Gerstein purchased 82,500 shares of the business’s stock in a transaction on Monday, June 25th. The shares were acquired at an average price of $2.26 per share, with a total value of $186,450.00. Following the acquisition, the director now directly owns 431,200 shares in the company, valued at $974,512. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders acquired 84,100 shares of company stock worth $189,810. Insiders own 2.24% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Strs Ohio grew its holdings in Atlantic Power by 9.8% in the 2nd quarter. Strs Ohio now owns 286,600 shares of the utilities provider’s stock worth $630,000 after acquiring an additional 25,600 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Atlantic Power by 3.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 861,565 shares of the utilities provider’s stock valued at $1,896,000 after purchasing an additional 26,424 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Atlantic Power by 3.1% during the 1st quarter. Millennium Management LLC now owns 1,065,881 shares of the utilities provider’s stock valued at $2,238,000 after purchasing an additional 31,822 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Atlantic Power by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 922,743 shares of the utilities provider’s stock valued at $2,030,000 after purchasing an additional 34,173 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Atlantic Power by 173.1% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 55,446 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 35,143 shares in the last quarter. 53.46% of the stock is currently owned by institutional investors and hedge funds.
Atlantic Power Company Profile
Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2017, its power generation projects had an aggregate gross electric generation capacity of approximately 1,633 megawatts consisting of interests in 18 operational power generation projects across 9 states in the United States and 2 provinces in Canada.
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