Brookfield Renewable Corporation (NYSE: BEPC) closed the day trading at $23.84 down -1.61% from the previous closing price of $24.23. In other words, the price has decreased by -$0.39 from its previous closing price. On the day, 1029557 shares were traded. BEPC stock price reached its highest trading level at $24.35 during the session, while it also had its lowest trading level at $23.69.
Ratios:
For a better understanding of BEPC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.65. For the most recent quarter (mrq), Quick Ratio is recorded 0.39 and its Current Ratio is at 0.40. In the meantime, Its Debt-to-Equity ratio is 2.86 whereas as Long-Term Debt/Eq ratio is at 2.53.
On December 09, 2021, JP Morgan Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $52.
Wells Fargo Upgraded its Equal Weight to Overweight on April 26, 2021, whereas the target price for the stock was revised from $47 to $53.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BEPC now has a Market Capitalization of 4.30B and an Enterprise Value of 20.43B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.25 while its Price-to-Book (P/B) ratio in mrq is 1.54. Its current Enterprise Value per Revenue stands at 5.15 whereas that against EBITDA is 6.83.
Stock Price History:
Over the past 52 weeks, BEPC has reached a high of $36.16, while it has fallen to a 52-week low of $21.77. The 50-Day Moving Average of the stock is 26.60, while the 200-Day Moving Average is calculated to be 27.79.
Shares Statistics:
Over the past 3-months, BEPC traded about 1.09M shares per day on average, while over the past 10 days, BEPC traded about 1.04M shares per day. A total of 179.65M shares are outstanding, with a floating share count of 179.61M. Insiders hold about 51.99% of the company’s shares, while institutions hold 35.97% stake in the company. Shares short for BEPC as of Feb 29, 2024 were 6.09M with a Short Ratio of 5.23, compared to 5.68M on Jan 31, 2024.
Dividends & Splits
BEPC’s forward annual dividend rate is 1.37, up from 1.35 a year ago. Against a Trailing Annual Dividend Yield of 5.57%, it implies a Forward Annual Dividend Yield of 5.96%. The current Payout Ratio is 30.81% for BEPC, which recently paid a dividend on Mar 28, 2024 with an ex-dividend date of Feb 28, 2024. Stock splits for the company last occurred on Dec 14, 2020 when the company split stock in a 3:2 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 1 analysts. On average, analysts expect EPS of -$0.28 for the current quarter, with a high estimate of -$0.28 and a low estimate of -$0.28, while EPS last year was -$0.09. The consensus estimate for the next quarter is -$0.26, with high estimates of -$0.26 and low estimates of -$0.26.
Analysts are recommending an EPS of between $0.14 and -$1.11 for the fiscal current year, implying an average EPS of -$0.48. EPS for the following year is -$0.57, with 2 analysts recommending between -$0.01 and -$1.13.
Revenue Estimates
1 analysts predict $1.46B in revenue for the current quarter. It ranges from a high estimate of $1.46B to a low estimate of $1.46B. As of the current estimate, Brookfield Renewable Corporation’s year-ago sales were $1.33B, an estimated increase of 9.30% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $1.7B, an increase of 40.70% over than the figure of $9.30% in the same quarter last year. There is a high estimate of $1.7B for the next quarter, whereas the lowest estimate is $1.7B.
A total of 2 analysts have provided revenue estimates for BEPC’s current fiscal year. The highest revenue estimate was $6.22B, while the lowest revenue estimate was $6.07B, resulting in an average revenue estimate of $6.14B. In the same quarter a year ago, actual revenue was $5.04B, up 21.90% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $6.41B in the next fiscal year. The high estimate is $6.55B and the low estimate is $6.26B. The average revenue growth estimate for next year is up 4.40% from the average revenue estimate for this year.
