Abengoa Yield PLC (ABY) Posts Quarterly Earnings Results, Misses Estimates By $0.28 EPS

Abengoa Yield PLC (NASDAQ:ABY) announced its quarterly earnings data on Friday. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.28.

Shares of Abengoa Yield PLC (NASDAQ:ABY) opened at 20.39 on Monday. The firm’s market cap is $2.04 billion. Abengoa Yield PLC has a 12-month low of $13.11 and a 12-month high of $24.31. The company has a 50 day moving average of $19.43 and a 200-day moving average of $17.71.

Several equities analysts have recently weighed in on ABY shares. Zacks Investment Research upgraded shares of Abengoa Yield PLC from a “sell” rating to a “hold” rating in a report on Monday, May 16th. Guggenheim initiated coverage on shares of Abengoa Yield PLC in a report on Wednesday, April 13th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Abengoa Yield PLC currently has a consensus rating of “Hold” and an average target price of $21.29.

Atlantica Yield Plc owns, manages and acquires a diversified portfolio of contracted assets in the power and environment sectors. The Company owns approximately 20 assets, comprising 1,441 mega watts of renewable energy generation, 300 mega watts of conventional power generation, 1,099 miles of electric transmission lines and 10.5 Mft3 per day of water assets.

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