Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE:HASI) shares traded lower over the last trading session, losing -1.03% on 06/10/21. The shares fell to a low of $52.00 before closing at $52.12. Intraday shares traded counted 0.84 million, which was -22.47% lower than its 30-day average trading volume of 689.76K. HASI’s previous close was $52.66 while the outstanding shares total 77.49M. The firm has a beta of 1.79, a 12-month trailing P/E ratio of 38.32, and a growth ratio of 4.79. The stock’s Relative Strength Index (RSI) is 57.76, with weekly volatility at 2.91% and ATR at 1.78. The HASI stock’s 52-week price range has touched low of $27.00 and a $72.42 high.
Investors have identified the REIT – Specialty company Hannon Armstrong Sustainable Infrastructure Capital Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $4.07 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Potential earnings growth for Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/04/2021 quarter of the year, Hannon Armstrong Sustainable Infrastructure Capital Inc. recorded a total of 51.7 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 21.01% coming in sequential stages and their sales for the 08/04/2021 quarter increasing by 5.43%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 20.6 million trying to sell their products during the last quarter, with the result yielding a gross income of 31.1 million. This allows shareholders to hold on to 77.49M with the recently reported earning now reading 0.65 cents per share. This is a figure that compared to analyst’s prediction for their 08/04/2021 (0.37 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.60 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on HASI sounds very interesting.
Is the stock of HASI attractive?
In related news, EVP and Co-CIO, Pangburn Marc T. sold 400 shares of the company’s stock in a transaction that recorded on Jun 04. The sale was performed at an average price of 47.95, for a total value of 19,180. As the sale deal closes, the President and CEO, Eckel Jeffrey now sold 63,334 shares of the company’s stock, valued at 2,885,697. Also, President and CEO, Eckel Jeffrey sold 50,000 shares of the company’s stock in a deal that was recorded on Mar 22. The shares were price at an average price of 53.89 per share, with a total market value of 2,694,500. Following this completion of acquisition, the Director, LAGOMARSINO SIMONE now holds 1,000 shares of the company’s stock, valued at 55,210. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.40%.
6 out of 9 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Hannon Armstrong Sustainable Infrastructure Capital Inc.. 0 analysts has assigned a Sell rating on the HASI stock. The 12-month mean consensus price target for the company’s shares has been set at $64.33.